StockX's value surges to $3.8 billion

StockX picture

StockX, the American online market for sneakers, raised $195 million in a secondary tender offering and an additional $60 million in Series E-1 primary shares at a $3.8 billion valuation. Altimeter Capital led the all-cash offer, with the participation of existing investors and of a new institutional investor, Dragoneer.

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