1stdibs.com Inc, a luxury design product online marketplace, raised $115 million by offering 5.75 million ADSs at $20, within the proposed range of $18 to $21.
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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