StockX Detroit: How They Revolutionized the Sneaker Scene

A Discussion with Rae Witte on the StockX EC-1

During TechCrunch’s Detroit City Spotlight event, a conversation was held with Rae Witte, the journalist responsible for the StockX EC-1 report.

TechCrunch’s EC-1 Initiative

TechCrunch’s EC-1 program empowers individual writers to conduct in-depth analyses of specific companies. Given StockX’s long-standing presence in Detroit, the opportunity was taken to present their findings to an audience in Motor City.

Witte’s extensive experience covering StockX, and the broader sneaker market, spans five years. This background significantly enhanced her reporting, providing valuable perspectives on the company’s operational strategies, its origins, and its recent expansion.

StockX’s Current Valuation

StockX has grown into a major industry player, recently achieving a valuation of $3.8 billion in a funding round announced this month.

Even prior to this latest increase in valuation, TechCrunch recognized the company’s substantial business achievements.

Previous Funding Rounds

When StockX was valued at $2.8 billion, its funding round was characterized as indicative of preparations for an initial public offering (IPO).

Naturally, the discussion concluded with a question directed to Witte regarding the anticipated timelines for both an EC-1 filing and a subsequent S-1 filing from StockX. A public offering appears to be on the horizon.

Listen to the Conversation

Listen to the discussion above for an inside look at the company. Furthermore, the original EC-1 report, expertly compiled by Witte, is available for review.