TDUP - ThredUP dual lists on alternative stock exchange known for long-term commitments
2023-05-09 08:31:12 ET
ThredUp ( NASDAQ: TDUP ) announced on Tuesday that it has dual listed its Class A common stock on the Long-Term Stock Exchange, which is a subsidiary of LTSE Group.
ThredUP is the first consumer company to list on the LTSE and one of only two companies listed on the platform alongside Asana ( ASAN ).
LTSE's principles-based listing standards require listed companies to detail and publish policies on their website that offer stakeholders insight into how a company builds its business for the long term. By listing on LTSE, thredUP ( TDUP ) is said to be affirming its strategic alignment with long-term shareholders, employees, customers, and communities within a public market designed to promote sustainability, resilience, and long-term value creation.
"By dual listing on LTSE, we are codifying the critical relationship between thredUP and our long-term stakeholders and ensuring our success is their success," noted ThredUp ( TDUP ) CEO James Reinhart.
More on ThredUp:
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- Read more breakdowns on ThredUp from Seeking Alpha analysts
- View the growth metrics
- Check out the financial and valuation comparisons to sector peers
- See the Seeking Alpha Quant Rating
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ThredUP dual lists on alternative stock exchange known for long-term commitments