How To Buy Depop Shares
Many investors are eagerly awaiting Depop’s IPO.
Depop is a mobile app where you can buy & sell fashionable clothing and accessories from both major and small brands.
Founded in 2011 in London, the company has offices in the UK (Manchester), the US (New York, Los Angeles), and Australia.
This is the only European startup that is included into the top 25 shopping apps in terms of daily active users.
Overall, the platform has 21M registered users from 147 countries.
The company’s key competition includes ThredUp, The RealReal, and Poshmark.
Depop’s Pre-IPO Financial Performance
Since its inception, Depop has raised $105.60M in 7 rounds from 12 investors.
Company earnings in 2020 amounted to $70M, which is twice as much as in 2019.
The company is currently being acquired by Etsy, the largest online marketplace for buying and selling handicrafts; the deal amounts to $1.60B.
After the acquisition, Depop will remain an independent platform and retain its headquarters in London.
Depop IPO Date
Depop IPO is currently unknown – There is no official confirmation coming from the company.
Potential market and IPO prospects of Depop
According to Depop’s data, the fashion resale market in the US alone may rise to $64B by 2024, with 39% growth per year; this provides excellent market opportunities for the company.
According to Shopify, the fashion e-commerce market could grow from $531.25B in 2019 to $672.71B in 2023.
Currently, in the US alone, 29.50% of all fashion items sales are online.
How to participate in the Depop IPO
Interested in investing in the Depop IPO?
Sign up with Freedom 24 using their form below to get regular updates once the Depop IPO date is known.
We recommend you opening an investment account right away: the account verification process after that may take some time, and you may miss it, as the exact Depop IPO date will be known just a few days before the trading starts.
Please note: Depop is not yet a public company. Sign up now through Freedom 24 and they will notify you once the security issue memo is available and buying shares in the company is possible.
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