StockX is close to securing a new funding round provides a valuation for the sneaker re-seller website of at least $1 billion, according to a report from Recode.
Sources told the news outlet that DST Global, which has also invested in online startups including DoorDash, Wish and Faire, will lead the deal. GGV Capital is expected to be another participant.
StockX is planning to make some other major company announcements when it unveils the fundraising round, which is likely to be closed in the next few weeks.
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