What is BigCommerce and why is it trending?

The year 2020 looks like a good time to be an e-commerce company – a fact supported by piqued investors’ interest and COVID-propelled social distancing woes (or factors).

After Amazon and Shopify’s success stories, investors are closely mapping the stock price movement of BigCommerce Holdings in hopes of massive returns.

A NASDAQ-listed e-commerce SaaS (software-as-a-service) firm, BigCommerce assists businesses to manage their online sales via marketplaces such as Amazon and social media platforms.

Founded in 2009, the company filed for a US$ 216-million IPO in July 2020. On its trading debut, shares of the e-commerce startup opened 183% higher from its IPO price. It ultimately closed at US$ 72.27, nearly 201% higher of its IPO price.

However, after the initial surge, BigCommerce stocks’ value dropped in the last two weeks, partly due to the recent tech tumble.

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