Summary
- BigCommerce has filed to raise $100 million in an IPO, although the final figure will likely be larger.
- The firm provides SaaS-based e-commerce solutions to businesses worldwide.
- BIGC is growing quickly and is well positioned to take advantage of the increasingly rapid transition to e-commerce operations by businesses.
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Quick Take
BigCommerce Holdings (BIGC) has filed to raise $100 million in an IPO of its Series 1 common stock, according to an S-1 registration statement.
The firm provides online retail stores with an integrated e-commerce software platform.
BIGC has grown markedly and is well positioned to benefit from the continued transition of businesses to online revenue generation.
I'll provide an update when we learn more about the IPO from management.
Company & Technology
Austin, Texas-based BigCommerce was founded to develop e-commerce software delivered as a SaaS platform for online retailers. BIGC has provided its software to 60,000 online stores in 120 countries worldwide.
Management is headed by President, CEO and Chairman Mr. Brent Bellm, who has been with the firm since June 2015 and was previously president and COO of HomeAway, a vacation rental online marketplace.
Below is a brief overview video of BigCommerce:
