Reknown among sneakerheads for being a facilitating platform for finding that long-dreamed 'grail', among other collectible items, StockX recently announced that its net worth is valued at $ 3.8 billion after the sale of some of its shares.
In a recent press release, the company said it was selling $ 60 million in newly issued shares and allowing its employees to sell off $ 195 million of nominal shares to investors, thereby raising their corresponding capital to a total of $ 255 million.
Scott Cutler, CEO da StockX, said the 35% increase in valuation represents a big moment and an indication that the brand has been evolving: “Fundamental shifts in both consumer buying and investing behavior provide an immense growth opportunity for StockX, which has long lived at the intersection of consumer goods and tradable assets.” - The investment group Altimer Capital headed new capital and investment intake together with Dragoneer.