Shopify Rival BigCommerce Soars Up To 292% On Debut After $216M IPO

BigCommerce Holdings Inc (NASDAQ: BIGC) shares skyrocketed on the first day of trading at Nasdaq Stock Market on Wednesday.What Happened The Austin, Texas-based company’s shares opened at $68, and soared as much as 292% to $93.99 in intraday trading, on its debut.Trading had to be halted due to volatility when shares skyrocketed to $79.40 within three minutes of open, and another time when the stock surged to $91.80 a share, Business Insider reported.BigCommerce raised $216 million in its initial public offering on Tuesday, pricing its shares at $24 each. The e-commerce software-as-a-service provider sold 6.85 millon shares, while other stakeholders …read more

Source:: Yahoo Finance