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Cricut Priced, Nasdaq: CRCT

Makes smart machines used for crafting and DIY.

Industry: Consumer Discretionary

Latest Trade: $9.17 +0.38 (+4.3%)

First Day Return: -11.0%

Return from IPO: -56.1%

Industry: Consumer Discretionary

At Cricut, our mission is to help people lead creative lives. We have designed and built a creativity platform that enables our engaged and loyal community of 3.7 million users to turn ideas into professional-looking handmade goods. With our highly versatile connected machines, design apps and accessories and materials, our users create everything from personalized birthday cards, mugs and T-shirts to large-scale interior decorations and more. Our cloud-based software enables us to update the functionality and features of existing physical and digital products and to release new products that seamlessly integrate with our platform. This makes our platform broadly extensible and empowers our users to unlock ever-expanding creative potential. Our users' journeys typically begin with the purchase of a connected machine and expand across our family of products as users harness the power of our platform. Our users have demonstrated continued engagement with their connected machines over time, which results in purchases of subscriptions and accessories and materials long after they first purchase a connected machine. As of September 30, 2020, 63% of our users created on their connected machines in the last 90 days and 84% created on their connected machines in the last 365 days.
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IPO News for Cricut
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IPO Data
IPO File Date 02/16/2021
Offer Price $20.00
Price Range $20.00 - $22.00
Offer Shares (mm) 15.3
Deal Size ($mm) $306
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/24/2021
Offer Price $20.00
Price Range $20.00 - $22.00
Offer Shares (mm) 15.3
Deal Size ($mm) $306
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters South Jordan, UT
Founded 1969
Employees 640
Website www.cricut.com