OfferUp was founded in 2011 by Arean Veelen and Nick Huzar. The company has not publicly endorsed plans to participate in an IPO.
OfferUp is a mobile customer to customer marketplace. The company differentiates itself from Craigslist through its mobile-friendly interface and individual user ratings. In 2020, the company acquired competitor letgo with the intention of combining the two marketplaces. OfferUp has raised more than $380 million in venture capital funding from investors including Warburg Pincus, OLX Group, Andreessen Horowitz, T. Rowe Price, and GGV Capital. The company has been valued at more than $1 billion.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.