BigCommerce (BIGC) IPO Opens 183% Higher

Today's IPO for BigCommerce Holdings, Inc. (NASDAQ: BIGC) opened for trading at $68 after pricing its initial public offering of 9,019,565 shares of its Series 1 common stock at a price of $24 per share. BigCommerce is offering 6,850,000 shares of Series 1 common stock and the selling stockholders named in the prospectus are offering 2,169,565 shares of Series 1 common stock. BigCommerce has granted the underwriters a 30-day option to purchase up to an additional 1,027,500 shares of its Series 1 common stock, and the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 325,435 shares of Series 1 common stock, in each case at the initial public offering price. BigCommerce will not receive any proceeds from the sale of shares by the selling stockholders.

Morgan Stanley and Barclays are acting as lead book-running managers for the proposed offering. Jefferies and KeyBanc Capital Markets are acting as book-running managers for the proposed offering. Canaccord Genuity, Needham & Company, Raymond James, and Truist Securities are acting as co-managers for the proposed offering.

BigCommerce (Nasdaq: BIGC) is a leading software-as-a-service (SaaS) ecommerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. As a leading open SaaS solution, BigCommerce provides merchants sophisticated enterprise-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2B and B2C companies across 120 countries and numerous industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Skullcandy, Sony and Woolrich. Headquartered in Austin, BigCommerce has offices in San Francisco, Sydney and London. Learn more at www.bigcommerce.com.

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