StockX, a sneaker market, has enlisted Morgan Stanley and Goldman Sachs to help with its IPO.

According to sources familiar with the situation, StockX, an online exchange for shoes and streetwear brands, is working with Morgan Stanley and Goldman Sachs Group Inc. on its proposed US initial public offering.

StockX plans to go public in the first part of the year, according to the people, who asked not to be identified because they were sharing private information. They also mentioned that the timing could change. According to a release, StockX was valued at $3.8 billion in April following a secondary tender offering.

Sneaker Market StockX Taps Morgan Stanley, Goldman for IPO | BoF: StockX, an online exchange for sneakers and streetwear brands, is working with Morgan Stanley and Goldman Sachs Group Inc.