Fashion Retail Site Poshmark To Delay IPO Until 2020

Poshmark Inc., an online resale marketplace for second-hand clothing, has delayed plans for an initial public offering until next year, according to people familiar with the matter. The Redwood City, California-based company has put off the potential IPO to focus on boosting sales and improving its execution, said the people, who asked to not be identified because the matter isn’t public. Read more at Bloomberg.