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BigCommerce Holdings Priced, Nasdaq: BIGC

Provides a cloud-based platform for businesses to create online stores.

Industry: Technology

Latest Trade: $75.31 0.00 (0.0%)

First Day Return: +201.1%

Return from IPO: +213.8%

Industry: Technology

BigCommerce is leading a new era of ecommerce. Our software-as-a-service (“SaaS”) platform simplifies the creation of beautiful, engaging online stores by delivering a unique combination of ease-of-use, enterprise functionality, and flexibility. We power both our customers’ branded ecommerce stores and their cross-channel connections to popular online marketplaces, social networks, and offline point-of-sale (“POS”) systems. As of June 1, 2020, we served approximately 60,000 online stores across industries in approximately 120 countries. BigCommerce operates at the forefront of a world of commerce that is changing rapidly. The transition from physical to digital commerce constitutes one of history’s biggest changes in human behavior, and the pace of change is accelerating. According to eMarketer Inc. (“eMarketer”), retail ecommerce was nonexistent in the early-1990s and grew to approximately 10% of all global retail spending in 2017. They predict it will take just six years for this percentage to more than double to 21% of global retail spending in 2023, as shown in the chart below. The growth in ecommerce has no end in sight.
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IPO News for BigCommerce Holdings
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IPO Data
IPO File Date 07/13/2020
Offer Price $24.00
Price Range $21.00 - $23.00
Offer Shares (mm) 9.0
Deal Size ($mm) $216
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/04/2020
Offer Price $24.00
Price Range $21.00 - $23.00
Offer Shares (mm) 9.0
Deal Size ($mm) $216
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Austin, TX
Founded 2003
Employees 690
Website www.bigcommerce.com