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BigCommerce Holdings, Inc. Series 1 - BIGC STOCK NEWS

Welcome to our dedicated page for BigCommerce Holdings Series 1 news (Ticker: BIGC), a resource for investors and traders seeking the latest updates and insights on BigCommerce Holdings Series 1 stock.

BigCommerce Holdings, Inc. Series 1 Common Stock (symbol: BIGC), is a leading provider of a robust e-commerce platform designed to empower businesses to launch, manage, and scale successful online stores. Established in 2009, BigCommerce facilitates both emerging and established brands with its sophisticated, yet user-friendly, Software-as-a-Service (SaaS) solution, combining ease-of-use with enterprise-grade functionality.

BigCommerce stands out due to its advanced features, superior site performance, and streamlined business processes. The company's clients benefit from capabilities that drive higher revenues compared to competitive e-commerce solutions. The platform supports thousands of retailers globally, boosting their reach across online marketplaces, social networks, and offline point-of-sale systems.

Product Highlights:

  • Comprehensive tools for branding and customizing online stores.
  • Seamless cross-channel integrations.
  • High-performance hosting ensuring site speed and reliability.
  • Flexible APIs for extensive customization.

The company's impressive growth is backed by significant financial support, having secured over $100 million in funding from reputable investors including SoftBank Capital, American Express, Telstra Ventures, General Catalyst, Revolution Growth, and Floodgate. This strong financial foundation has enabled BigCommerce to continuously enhance its platform and expand its global footprint.

Recent Achievements:

  • First Quarter Total Revenue reached $80.4 million, marking a 12% increase compared to the prior year.
  • Annual Recurring Revenue (ARR) totaled $340.1 million, with an 8% increase in Enterprise ARR.

The company is headquartered in Austin, Texas, with additional offices in San Francisco, California, and Sydney, Australia, supporting a broad geographical market including the Americas, EMEA, and APAC regions, with the majority of revenue generated from the U.S.

BigCommerce's commitment to innovation and customer success has positioned it as a trusted partner for numerous prominent brands such as Burrow, Coldwater Creek, Francesca’s, and Harvey Nichols. With its open SaaS platform, BigCommerce continues to drive growth and efficiency for B2C and B2B companies across various industries.

Financial Overview:

  • Consistent revenue growth with detailed quarterly financial outlooks.
  • Commitment to transparency with regular updates and conference calls.
  • Focus on maintaining a strong financial position to support ongoing innovation and customer success.

Join the next BigCommerce conference call on May 9, 2024, for a comprehensive discussion on financial results and business highlights. For more information and to access the live webcast, visit BigCommerce’s investor relations website.

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BigCommerce (Nasdaq: BIGC) reported record-breaking sales during Cyber Week with a 74% year-over-year increase in gross merchandise volume (GMV). The platform achieved 100% performance uptime for the seventh year in a row. Highlights include an 86% YoY GMV increase on Sunday and an 84% increase on Thanksgiving Day. Average order value rose by 17% YoY, reaching $164 on Cyber Monday. The number of orders during Cyber Week increased by 48%, with Sporting Goods, Furniture, and Apparel seeing the largest YoY GMV increases.

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BigCommerce Holdings announced the full exercise of the underwriters' option to purchase an additional 750,000 shares of its Series 1 common stock at $68.00 per share. This follows their previously announced follow-on public offering, with no proceeds going to the company from this transaction. The offering's initial closing was on November 17, 2020, and the registration statement was declared effective on November 12, 2020. J.P. Morgan and Barclays acted as lead managers for this offering.

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TaxCloud has announced a new integration partnership with BigCommerce, facilitating online retailers' sales tax compliance. The TaxCloud app provides real-time U.S. sales tax calculations and simplifies the management of sales tax obligations during checkout. This integration responds to the increasing need for sales tax collection due to the Supreme Court's ruling in South Dakota v. Wayfair. TaxCloud, a leading sales tax compliance provider, aims to support merchants in navigating the evolving sales tax landscape.

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BigCommerce (Nasdaq: BIGC) has launched Open Checkout, an open-source extension of its eCommerce platform's native checkout feature. This initiative empowers merchants to create tailored checkout experiences, addressing the 88% cart abandonment rate reported by Statista in March 2020. Open Checkout's public source code enables brands to customize every aspect of their checkout pages while maintaining speed and security through BigCommerce's SaaS model. Developed in React, this feature supports various use cases, such as branded checkout pages and modernized B2B buying, enhancing user experiences for businesses of all sizes.

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BigCommerce announced the pricing of its follow-on public offering of 1,000,000 shares of Series 1 common stock at $68.00 per share. Additionally, selling stockholders, including management and directors, are offering 4,000,000 shares. Underwriters have a 30-day option for another 750,000 shares. The public offering is expected to close on November 17, 2020. BigCommerce will not receive proceeds from the selling stockholders. J.P. Morgan and Barclays are the lead managers for this offering, which follows a successful registration by the SEC.

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Yotpo has been named an Elite Partner by BigCommerce (NASDAQ:BIGC), becoming a preferred provider for reviews, visual UGC, and loyalty programs. This partnership, recognized by BigCommerce's 2020 Merchant's Choice Award, highlights Yotpo's consistent growth within the BigCommerce ecosystem over the last 10 quarters. Yotpo's technology is designed for scalability, enabling brands to enhance customer experiences through seamless integrations. The collaboration includes advanced features such as on-brand loyalty programs and comprehensive reviews solutions, aimed at optimizing the eCommerce landscape.

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BigCommerce (Nasdaq: BIGC) announced a follow-on public offering of its Series 1 common stock, aiming to sell up to 1,000,000 shares, while selling stockholders look to offload up to 4,000,000 shares. The offering includes an option for underwriters to purchase an additional 750,000 shares. Notably, the company will not receive proceeds from the selling stockholders. The lock-up restrictions on certain shares held by officers and directors are being lifted in conjunction with this offering, with new 90-day lock-up agreements established. J.P. Morgan and Barclays are the lead managers for this offering.

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BigCommerce (Nasdaq: BIGC) has joined the MACH Alliance, a coalition promoting open technology ecosystems for enterprise ecommerce solutions. This participation aligns with BigCommerce's strategy to offer a flexible and scalable platform through composable architectures. The company aims to enhance the development and adoption of microservices-based, API-first technologies. With a commitment to future-proof digital commerce, BigCommerce continues to empower merchants with headless deployments and extensive integrations, fostering a better IT architecture.

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BigCommerce reported a strong third quarter for 2020, with total revenue reaching $39.7 million, a 41% increase year-over-year. Total ARR rose to $167.0 million, up 38% compared to the previous year. The GAAP net loss improved to ($10.9 million), reflecting a better net loss percentage of 27% of total revenue. The company expects Q4 revenue between $38.3 million and $38.7 million and a full-year revenue of $147.5 million to $147.9 million. Cash reserves totaled $178.8 million as of September 30, 2020.

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BigCommerce (Nasdaq: BIGC) has launched Channel Manager, a feature enabling merchants to manage their omnichannel sales more efficiently. It integrates with various marketplaces, expanding merchants' reach to 100 million active users through partnerships like Wish. Channel Manager simplifies channel management, enhances shopping experiences, and allows for 2-day delivery via Deliverr. This modernized tool aims to streamline operations for BigCommerce sellers, making it easier to connect with shoppers across multiple platforms.

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FAQ

What is the current stock price of BigCommerce Holdings Series 1 (BIGC)?

The current stock price of BigCommerce Holdings Series 1 (BIGC) is $7.65 as of December 4, 2024.

What is the market cap of BigCommerce Holdings Series 1 (BIGC)?

The market cap of BigCommerce Holdings Series 1 (BIGC) is approximately 599.6M.

What is BigCommerce Holdings, Inc.?

BigCommerce Holdings, Inc. is a leading provider of a robust e-commerce platform that helps brands launch, manage, and scale online stores.

What does BigCommerce's platform offer?

BigCommerce offers a comprehensive SaaS platform with advanced features, enterprise functionality, and flexibility to help businesses succeed online.

Where is BigCommerce headquartered?

BigCommerce is headquartered in Austin, Texas, with additional offices in San Francisco, California, and Sydney, Australia.

Who are some of BigCommerce's prominent clients?

Some of BigCommerce's prominent clients include Burrow, Coldwater Creek, Francesca’s, and Harvey Nichols.

How is BigCommerce performing financially?

BigCommerce reported a first-quarter total revenue of $80.4 million in 2024, with an annual recurring revenue (ARR) of $340.1 million.

Who are the investors backing BigCommerce?

BigCommerce has received funding from investors such as SoftBank Capital, American Express, Telstra Ventures, General Catalyst, Revolution Growth, and Floodgate.

What geographical markets does BigCommerce operate in?

BigCommerce operates in the Americas, EMEA, and APAC regions, with the majority of its revenue generated from the U.S.

How does BigCommerce support its retailers?

BigCommerce supports retailers with branding tools, cross-channel integrations, high-performance hosting, and flexible APIs.

When is BigCommerce's next conference call?

BigCommerce's next conference call is scheduled for May 9, 2024, at 8:00 a.m. ET.

Where can I find more information about BigCommerce?

For more information, visit BigCommerce's investor relations website at http://investors.bigcommerce.com.

BigCommerce Holdings, Inc. Series 1

Nasdaq:BIGC

BIGC Rankings

BIGC Stock Data

599.61M
65.31M
16.47%
76.04%
10.01%
Software - Application
Services-prepackaged Software
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United States of America
AUSTIN