Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

BigCommerce Holdings / Equity Capital Markets

BigCommerce Holdings (BIGC US) is a company with a SaaS platform that helps thousands of small and medium businesses to build online stores and it is preparing to complete an IPO on the NASDAQ exchange in the next few weeks.Similar to Shopify, BigCommerce's e-commerce platform helps customers to launch and expand their e-commerce stores and connect to popular online marketplaces and social networks. As of June 1, 2020, BuiltWith.com ranked BigCommerce the world’s second most-used SaaS ecommerce platform and top five overall among the top one million sites globally by traffic.Major investors of BigCommerce include SoftBank, Goldman Sachs, Revolution, General Catalyst, and GGV Capital.The company had sales of $112.1 million (up 22% YoY) in 2019 and $33.2 million (up 29.7% YoY) in 1Q 2020. The COVID-19 has helped the company's business to pick up in 1Q 2020 as more people spend more time at home and many of them try to start new e-commerce businesses using BigCommerce's platform. Operating losses increased slightly from $38 million in 2018 to $41 million in 2019. Operating loss as a percentage of revenue declined from -41.3% in 2018 to -36.6% in 2019. Operating loss as a percentage of revenue improved materially from -40.3% in 1Q 2019 to -22.5% in 1Q 2020.

BigCommerce Holdings (BIGC US) is a company with a SaaS platform that helps thousands of small and medium businesses to build online stores and it is preparing to complete an IPO on the NASDAQ exchange in the next few weeks.Similar to Shopify, BigCommerce's e-commerce platform helps customers to launch and expand their e-commerce stores and connect to popular online marketplaces and social networks. As of June 1, 2020, BuiltWith.com ranked BigCommerce the world’s second most-used SaaS ecommerce platform and top five overall among the top one million sites globally by traffic.Major investors of BigCommerce include SoftBank, Goldman Sachs, Revolution, General Catalyst, and GGV Capital.The company had sales of $112.1 million (up 22% YoY) in 2019 and $33.2 million (up 29.7% YoY) in 1Q 2020. The COVID-19 has helped the company's business to pick up in 1Q 2020 as more people spend more time at home and many of them try to start new e-commerce businesses using BigCommerce's platform. Operating losses increased slightly from $38 million in 2018 to $41 million in 2019. Operating loss as a percentage of revenue declined from -41.3% in 2018 to -36.6% in 2019. Operating loss as a percentage of revenue improved materially from -40.3% in 1Q 2019 to -22.5% in 1Q 2020. 

BigCommerce IPO Preview (A SaaS Competitor to Shopify)

United States

BigCommerce Holdings, Inc. operates as a software company. The Company offers SaaS platform for cross-channel commerce and cloud-based e-commerce solution that scales with business growth. BigCommerce Holdings serves customers worldwide.

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BigCommerce IPO Preview (A SaaS Competitor to Shopify)

BigCommerce Holdings (BIGC US) is a company with a SaaS platform that helps thousands of small and medium businesses to build online stores and it...

Douglas Kim