Summary
- BigCommerce has filed terms for its $130 million IPO.
- The firm provides companies of all sizes with e-commerce software solutions.
- BIGC is growing efficiently and the IPO appears reasonably valued, so it is worth considering.
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Quick Take
BigCommerce (BIGC) has filed to raise $130 million from the sale of its Series 1 stock in an IPO, according to an amended registration statement.
The company provides enterprises of all sizes with SaaS delivered e-commerce software solutions.
BIGC has an accelerating revenue growth trajectory and the IPO appears reasonably priced, so it is worth considering.
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:
