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IPO Report: Newly-public luxury secondhand retailer The RealReal says it occupies a ‘space of one’’

On Friday, RealReal Inc. joined a number of companies that recently went public, but in terms of direct competition, Chief Financial Officer Matt Gustke says there really isn’t any.

“I don’t want to say we feel kind of lonely, but we’re in a space of one,” he told MarketWatch shortly after the stock began trading. “There’s nobody that we feel like we’re directly competing with. We’re happy with where we are and the opportunity to grow for a very long time and would be just as happy with others growing with us.”

The RealReal REAL, +44.00% is a secondhand luxury consignment business that uses technology and human experts to feed its pipeline of goods, which ranges from women’s apparel, its most prominent category, to home items.

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