StockX Valuation Jumps to $3.8 Billion USD After Latest Cash Injection

Sneaker marketplace StockX announced on Thursday that its valuation has jumped to $3.8 billion USD after a successful new round of funding.In a press release, the company said it was selling $60 million USD of new stock and was allowing its employees to sell $195 million USD of their own shares to investors -- raising a total of $255 million USD.StockX CEO Scott Cutler said in the press release that the 35 percent rise in valuation represents continued excitement for the brand. "Fundamental shif...