As per the IPO filed by Goldman Sachs-backed secondhand clothing retailer ThredUp Inc, last year the company processed over 100 million unique secondhand items from 35,000 brands. The company’s net loss widened to $47.9 million for the year ended December 31, 2020, from $38.2 million a year earlier. Its full-year revenue, however, jumped 14 percent to about $186 million.

ThredUp received $175 million in funding in August 2019, which it said would be used to expand its platform to offer resale clothing services to retailers. The resale firm plans to use $500,000 from the proceeds to start an environmental policy function, to advocate the reuse of apparel. Goldman Sachs and Morgan Stanley are the lead underwriters for the offering.

E-commerce firms have benefited during the COVID-19 pandemic. A fleet of digital resellers, including ThredUp’s peer Poshmark Inc and ContextLogic Inc, the parent company of shopping app Wish, have gone public in recent months.