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BigCommerce files to go public – TechCrunch

BigCommerce files to go public – TechCrunch

As , has . The Austin, Texas, based e-commerce company . The company’s IPO filing lists a $100 million placeholder figure for its IPO raise, giving us directional indication that this IPO will be in the lower, and not upper, nine-figure range.similar to public market darling Shopify, provides e-commerce services to merchants. Given how enamored public investors are with its Canadian rival, the timing of BigCommerce’s debut is utterly unsurprising and is prima facie intelligent.Of course, we’ll know more when it prices. Today, however, the timing appears fortuitous.BigCommerce is a SaaS...

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alex
Jul 13
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SaaS stocks defy gravity amid pandemic, record job losses – TechCrunch

SaaS stocks defy gravity amid pandemic, record job losses – TechCrunch

back to our regular morning look at private companies, public markets and the gray space in between.This week shares of SaaS and cloud companies reached new record highs as investors bid their equities higher following an earnings cycle that came in better than some expected.SaaS stocks, as measured by the , closed at a 1,484.93 yesterday, a record, and just a hair under its intraday high of 1,491.59.The raw numbers matter less than the index’s movement. From highs of around 1,400 in March, the index dropped to 892.60 during the early-year market selloff. Since then, SaaS and cloud...

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alex
May 8
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Citing revenue declines, Airbnb cuts 1,900 jobs, or around 25% of its global workforce – TechCrunch

Citing revenue declines, Airbnb cuts 1,900 jobs, or around 25% of its global workforce – TechCrunch

This afternoon , a well-known private company that connects travelers with places to stay, announced that it was laying off around a quarter of its workforce. The company cited revenue declines and a need to curtail costs in a memo that TechCrunch viewed.In the note, written by CEO and co-founder , the company said that 1,900 employees will be laid off, or 25.3% of its 7,500 workers. The layoffs will impact a number of internal product groups, including Transportation and Airbnb Studios, efforts that will be placed on hold, and its Hotels and Lux work, which will be “scale[d] back.”The...

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alex
May 5
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