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Crafting Software Provider CRICUT Files for $100 Million US IPO

Esther Thin

Cricut Inc, a crafting software provider, has filed Form S-1 Registration Statement on February 16, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.

The company enables users to turn ideas into professional-looking handmade goods. Besides, users able to update the functionality and features of existing physical and digital products, and to release new products that seamlessly integrate with our platform.

The South Jordan, Utah-based company was founded in 1969 and booked $762 million in sales for the 12 months ended September 30, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “CRCT.” Goldman Sachs, Morgan Stanley, Citi, and Barclays are underwriters of the IPO.

The company engages Wilson Sonsini Goodrich & Rosati, P.C. as US Securities Counsel, and BDO USA, LLP as Independent Auditor.

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