bullish
BigCommerce: Stock Selloff Looks Finished As Valuation Hit $1.5 Billion
333 Views21 Mar 2022 07:20
SUMMARY
- Shares of BigCommerce Holdings (BIGC US) slipped below the IPO price of $24.00 per share, and at current valuation, we see limited downside risk for BigCommerce stock investors.
- In 2020, Intuit Inc (INTU US) offered to acquire BigCommerce for $1.5 billion, according to CNBC and other public sources. Both BigCommerce and Intuit didn’t provide a comment.
- Insider selling activity has slowed down noticeably over the past three months and BigCommerce Holdings (BIGC US) insiders sold ~$5 million worth of shares.
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Andrei Zakharov
Covering IPOs, Healthcare and Technology Stocks
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