黑料吃瓜

Austin-based e-commerce company is aiming to raise up to $100 million through an IPO, according to new documents filed with the U.S. Securities and Exchange Commission.

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BigCommerce helps companies build and grow their e-commerce operations. Businesses can use the platform for functions like catalog management, checkout, order management and store design. BigCommerce said in its S-1 document that as of June 1, 2020, it served about 60,000 online stores across 120 countries. It counts , and among its customers.

The company has filed to list on the Nasdaq under the ticker 鈥淏IGC.鈥� , , and are among the company鈥檚 underwriters for the IPO.

While the company is based in Austin, it also has major offices in San Francisco, Sydney and London.

BigCommerce, like most venture-backed startups that go public nowadays, isn鈥檛 profitable. In terms of numbers, BigCommerce reported an annual recurring revenue of $137.1 million as of March 31, 2020. That鈥檚 up from $128.5 million as Dec. 31, 2019, and $102.2 million at the end of 2018.

The company reported revenue of $112 million for the year ended Dec. 31, 2019, up 22 percent from about $91.9 million in annual revenue for 2018. Its net losses increased nearly 10 percent between 2018 and 2019, going from about $38.9 million in net losses in 2018 to $42.6 million in net losses in 2019.

More recently, BigCommerce reported $33 million in revenue for the first quarter of 2020, up from $25.5 million during the same period the year prior. It recorded $4 million in losses for Q1 of 2020, down from $10.5 million in Q1 of 2019.

As a private company, BigCommerce raised at least $219 million in funding from backers including , , , 听补苍诲 , per 黑料吃瓜.

It last raised $64 million in its round led by Goldman Sachs, according to 黑料吃瓜 data.

Illustration: Li-Anne Dias