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  • BigCommerce Prices Oversubscribed IPO at $24 per Share, Above Increased Range

    August 4, 2020

    PRESS RELEASE – BigCommerce Holdings, Inc. (“BigCommerce”) today announced the pricing of 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. The shares are expected to begin trading on the Nasdaq Global Market on August 5, 2020 under the ticker symbol “BIGC,” and the offering is expected to close on August 7, 2020, subject to customary closing conditions.

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