OfferUp IPO

offerupnow.comConsumer & Lifestyle / E-commerce

OfferUp was founded in 2011 by Arean van Veelen and Nick Huzar. The company has not publicly endorsed plans to participate in an IPO.

OfferUp is an online customer to customer marketplace where users can sell used furniture, appliances, and more. In 2020, the company acquired Letgo, another C2C marketplace. OfferUp has sought to differentiate itself from other similar platforms by including user profiles and ratings, along with a more modern interface. The company has raised more than $380 million in venture capital funding from investors including Andreessen Horowitz, Warburg Pincus, and OLX Group. OfferUp declined to disclose valuation figures following a $120 million fundraising round in 2020.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

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Is OfferUp a publicly traded company?

OfferUp is a private company and not publicly traded.

If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.

Will OfferUp go IPO?

OfferUp has not yet filed for an IPO. However, it's important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is OfferUp's IPO price?

The IPO price for OfferUp will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.

Can you invest in OfferUp pre-IPO?

OfferUp is privately held company and is not publicly traded, therefor investing in OfferUp pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.

What is the value of my OfferUp shares?

To determine the value of your OfferUp shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. A Private Market Specialist will also be available to assist you with any inquiries related to your OfferUp shares. You can also learn more about how to sell your private shares before getting started.

Can you sell OfferUp before it goes public?

Yes, you can seek to sell shares in OfferUp while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

What is OfferUp's funding to date?

OfferUp has raised $374.7MM to date.

When was OfferUp founded?

OfferUp was founded in 2011.

Who is the founder of OfferUp?

OfferUp was founded by Nick Huzar and Arean van Veelen.

How does OfferUp make money?

OfferUp makes money through collecting a minimum fee of $1.99 or 12.9% of the sellers’ listing price, sellers who pay OfferUp for promoted listings, and the Verified Dealer Program, which allows car dealerships onto the marketplace.

Who is the CEO of OfferUp?

In June 2021, Todd Dunlap was appointed CEO and member of its board of directors. Dunlap joins Offerup from Booking.com.

Did OfferUp acquire Letgo?

OfferUp acquired Letgo, another rival platform that allows users to buy and sell used items, in March 26^th, 2020.

What kind of business is OfferUp?

OfferUp is a mobile-first C2C marketplace that enables consumers to buy and sell used goods.

Who are OfferUp's major investors?

Coatue

Andreessen Horowitz

GGV Capital

Warburg Pincus

Vy Capital

T. Rowe Price

OfferUp funding rounds and last known valuation

Date	Funding Round	Funding Raised	Price per Share	Last Known Valuation
3/25/2020	Series D	$151MM raised	$XXX.XX	$XXX.XX
8/26/2016	Series C-1	$130MM raised	$XXX.XX	$XXX.XX
3/6/2015	Series C	$73.4MM raised	$XXX.XX	$XXX.XX
7/1/2014	Series B	$15.2MM raised	$XXX.XX	$XXX.XX
7/26/2013	Series A, A-1 and A-2	$5.1MM raised	$XXX.XX	$XXX.XX

Based on primary financings

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Updated on: Jul 26, 2024

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