Tech Company Inital Public Offerings
BigCommerce IPO
BigCommerce, operating out of San Francisco, had an IPO event on 8/4/2020.
Transaction Overview
Company Name
Announced On
8/4/2020
Transaction Type
IPO
Amount
$216,000,000
Proceeds Purpose
We intend to use a portion of the net proceeds from this offering to pay in cash the Series F Dividend, which is expected to total $16.4 million as of the closing of this offering. As a result of the anticipated payment of the Series F Dividend, holders of our Series F preferred stock are expected to receive approximately $16.4 million of the net proceeds of this offering, including entities affiliated with General Catalyst Group and Lawrence Bohn, a member of our board of directors, and entities affiliated with GGV Capital and Jeff Richards, a member of our board of directors, which are expected to receive approximately $0.1 million and $0.3 million, respectively. We intend to use the remainder of the net proceeds from this offering for working capital and general corporate purposes, including sales and marketing, research and development, general and administrative matters, and capital expenditures.
Company Information
Company Status
Publicly-held
Industry
ECommerce
Mailing Address
685 Market St.
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Website
Email Address
Overview
BigCommerce (Nasdaq: BIGC) is a true all-in-one ecommerce platform with the power to grow your business & help you sell more.
Management Team
Title
Name
Email & Social
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