BigCommerce Increases IPO Price Range as COVID-19 Drives E-Commerce Boom
Not long after filing its initial S-1 Registration Statement with the SEC, e-commerce upstart BigCommerce is increasing its anticipated IPO pricing range. Last week, BigCommerce expected that the deal would price at $18 to $20. This week, the company boosted that range to $21 to $23. The COVID-19 pandemic has driven a boom in e-commerce demand as consumers shift purchasing behavior to online platforms.
Here's what prospective investors need to know.
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Source Fool.com
