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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. billion, said it’s planning on selling 37 million of its shares to raise the new billion, or even $1.25 The company isn’t profitable yet, and probably won’t be for a while.

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Top News In Payments: Uber Eats Adjusted Net Sales Surge 154 Pct; NYSE Owner Abandons Plans To Buy eBay

PYMNTS

In today’s top payments news, Uber reported positive fourth quarter earnings, NYSE owner International Exchange said it will not pursue plans to buy eBay and Afterpay pushed back against RBA’s potential regulation of “tap and go” fees. NYSE Owner Abandons Plans To Buy eBay. Afterpay Pushes Back Against Australia’s Fee Regulation.

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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 pet retail chain is also moving towards profitability after net losses the past two years. It has also narrowed its losses by 77 percent to $20.3 The Silicon Valley-headquartered company filed an S-1 with the U.S. Same-store sales surged 9.6 percent this year.

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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.

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Shipping Company XPO Refinances $1B After Amazon Pulls Business

PYMNTS

XPO Logistics, one of the world’s largest transportation and warehouse operation companies, is looking for a buyer for $1 billion worth of bonds to refinance its debt following the loss of its biggest customer, which Wall Street analysts say is Amazon. XPO plans to use the bonds to pay back creditors through a credit agreement, and the 5.5-year

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21 Income Producing Assets (Best Cash Flow Options 2022)

CFO News Room

These people have income-producing assets spinning off profits or dividends, and they use those funds to pay for their bills and lifestyle. In fact, having multiple income sources is the best way to feel secure when you’re relying on alternative income sources to leave your 9 to 5. eCommerce stores that sell physical products.