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StockX Valued at $3.8 Billion and Lets Employees Sell Shares – The Wall Street Journal

The online marketplace sold $60 million worth of new stock in its latest fundraising round

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StockX LLC, an online marketplace that sells sneakers, streetwear, collectibles and other items, said it has notched a $3.8 billion valuation by selling $60 million of new stock and letting some employees sell $195 million of their own shares to investors at that price point.
The 35% jump in valuation comes ahead of the companys expected public listing that is likely to happen as soon as the second half of this year, according to people familiar with the companys plans. The funding also comes quickly…

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