Poshmark opens up more than 130% on its first day of trading, valuing the company at more than $3B, after raising $277M in its IPO (Annie Palmer/CNBC)

Annie Palmer / CNBC:
Poshmark opens up more than 130% on its first day of trading, valuing the company at more than $3B, after raising $277M in its IPO  —  – Poshmark opened its first day of trading on the Nasdaq.  — On Wednesday, Poshmark priced its IPO at $42 a share, giving it an initial valuation of more than $3 billion.