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Poshmark Files For IPO After Posting Record Profits

PYMNTS

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. Security and Exchange Commission (SEC). . million in 2018 and a net loss of 48.7

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Alibaba eCommerce Rival Pinduoduo Secures $1B In Funding

PYMNTS

Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. The company puts a twist on the traditional eCommerce playbook by offering a social aspect – shoppers who team up with friends or family can get discounts by making group orders.

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eCommerce Co Jumia Files US IPO

PYMNTS

Pan-African eCommerce company Jumia filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) on Tuesday (March 12). Securities and Exchange Commission (SEC) documents, and by speaking with CEO Sacha Poignonnec. Though Jumia has not turned a profit so far, the company generated €93.8

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Petco Files For IPO As Demand For Pets Surges During Pandemic 

PYMNTS

Securities and Exchange Commission (SEC) on Friday (Dec. The number of shares and the pricing have not yet been released. . Pets are anticipated to stay popular, with the number of households with pets going up 4 percent in 2020 alone. The pet retail chain is also moving towards profitability after net losses the past two years.

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In Online Banking, Spreading The Message Of Secure Messaging

PYMNTS

In an interview with PYMNTS, InterComputer ’s president and CEO, Scott Volmar, delved into the staggering numbers that lay out in stark terms the ravages of cybercrime. Yet, he noted, banks build into their profits margin an allowance for payments fraud, functioning almost like a loan loss reserve. It’s unlivable.

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Shares In Jumia Technologies Tumble After Q1 Results

PYMNTS

Shares in African eCommerce company Jumia Technologies took a dive on Monday (May 13) after Q1 losses were reported to be bigger than the year before, according to a report from Bloomberg. It also claimed that Jumia inflated its active merchant numbers and its active customer base. million euros, from a loss of 34.3

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The Connected Economy’s 10 Biggest US IPOs Of 2020

PYMNTS

The company also reported a $23 million profit for the second quarter — its first black ink in history. For instance, the company’s S-1 filing showed that net losses attributable to common shareholders rose to $176 million through 2020’s first nine months – way up from just $12 million during the same period last year.