Digital platform company BigCommerce has raised the price of its upcoming IPO, and plans to raise $198 million.
BigCommerce has major growth potential thanks to 2020 ecommerce growth, but investors may be concerned about its ability to compete with larger competitor Shopify.
BigCommerce is growing, but probably not as fast as investors would like given its other problematic financial numbers.
Other things to check out:
Shopify to offer installment payments through Affirm | Retail Dive
Affirm has partnered with Shopify to facilitate Shop Pay Installments in the U.S., the company announced in a press release . In the next few months, Shopify's eligible sellers will be able to offer buy now, pay later options to customers if they choose.
Merchants will receive the full purchase price of the product upfront, and Affirm will collect the funds from customers. With sellers offering the service, customers can divide their payments into four equal bi-weekly, interest-free payments, per the company press release.
Strong Earnings Confirm Shopify As a Long-Term Winner
Shopify (NYSE: SHOP ) stock popped to all-time highs after the e-commerce solutions provider reported second quarter-earnings that breezed past expectations and included explosive growth on the back of shopping-from-home tailwinds over the past few months.
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They point to the fact that Shopify is now a $120 billion company, projected to do less than $2.5 billion in sales this year, as proof that SHOP stock is wildly overvalued.
Earnings Preview: What To Expect From Shopify On Wednesday
BRAZIL - 2020/07/26: In this photo illustration the Shopify logo seen displayed on a smartphone. ... [+] (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)
Shopify Inc. is scheduled to report earnings before Wednesday's open. The stock hit a record high of $1,074.98/share in 2020 and is currently trading near $1,006/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
Many things are taking place:
Goldman Sachs upgrades Shopify to buy, admits to missing 140% rally this year
Goldman Sachs issued a mea culpa on Shopify Tuesday, upgrading the Canadian e-commerce start-up after missing its massive run this year.
Webinar to focus on selling on Shopify | Business | hickoryrecord.com
HICKORY — The Catawba Valley Community College Small Business Center will host a no-cost "Selling on Shopify" webinar on Aug. 4 from 4-6 p.m. The program will be in a webinar format, allowing participants to access the program from their computers and mobile devices.
Shopify is a popular platform for creating an online store. This webinar shows participants how to use Shopify to establish an online store with a custom domain name, reflecting the brand and personality of their unique business. Participants will learn how to use Shopify's eCommerce software to build a unified platform to sell products and operate their business.
Recap: Shopify Q2 Earnings | Benzinga
Shares of Shopify (NYSE: SHOP ) moved higher by 7.5% in pre-market trading after the company reported Q2 results.
Earnings per share increased 650.00% over the past year to $1.05, which may not compare to the estimate of ($0.02).
Shopify GMV Breaks $30 Billion as Revenue Doubles – Sourcing Journal
Shopify nearly doubled total revenue in the second quarter to $714.3 million, a 97 percent increase from the year-ago period, showing that the e-commerce giant has perhaps been one of the biggest beneficiaries of the combined global non-essential store closures and overall shift toward online spending. Second-quarter gross merchandise volume (GMV) sold on the platform…
Happening on Twitter
Today, we celebrate the #BigCommerceIPO with the customers, teammates, partners and families who made it possible.… https://t.co/fT7defkCX1 BigCommerce (from Austin, London, San Francisco, Sydney) Wed Aug 05 13:05:09 +0000 2020
BigCommerce IPO - up 224% from human-chosen price. W 10mm shares this is $500mm 1-day wealth transfer, straight fro… https://t.co/truW0r6gVg bgurley (from Silicon Valley) Wed Aug 05 17:58:52 +0000 2020
Congrats to the @BigCommerce team on their NASDAQ IPO - $BIGC! 👏🏻 A huge milestone. Sydney-founded → public market… https://t.co/3VQQVq6vR1 mcannonbrookes Thu Aug 06 01:02:38 +0000 2020
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