A few weeks ago BigCommerce filed their initial S1 with the SEC. They’ve since updated that filing to include an expected price range ($18 - $20). In a standard IPO process each company will now kick off their roadshow and spend roughly 10 days traveling the country (and sometimes the world) meeting with large institutional investors (mutual funds and hedge funds) to pitch them on why they should invest in their business at the IPO with a goal of trading on the open market by next Friday (8/7). One thing to keep in mind - most SaaS businesses end up raising the initial price range (>70% of SaaS companies to go public in the last 3 years have provided a revised, increased range at some point on their roadshow).
Bigcommerce is now a $5.5B market cap company.. it may be great case study for either of “irrational exuberance” or “what were the IPO advisors thinking” or anything in between..
Bigcommerce is now a $5.5B market cap company.. it may be great case study for either of “irrational exuberance” or “what were the IPO advisors thinking” or anything in between..