1stdibs.com Inc, a luxury design product online marketplace, has filed Amendment No 2 to Form S-1 Registration Statement on June 2, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $112 million by offering 5.8 million shares at a price range of $18 to $21. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $773 million.
The company is one of the world’s leading online marketplaces for connecting design lovers with many of the best sellers and makers of vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion.
The New York, New York-based company was founded in 2000 and booked $90 million in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq Global Market under the symbol “DIBS.” BofA Securities, Barclays, Allen & Company, and Evercore ISI are underwriters of the IPO.
The company engages Pillsbury Winthrop Shaw Pittman LLP as US Securities Counsel, and Ernst & Young LLP as Independent Auditor.
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