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Stock impact report

Exclusive: Software company BigCommerce explores sale, sources say [Reuters]

BigCommerce Holdings, Inc. - Series 1 (BIGC) 
Company Research Source: Reuters
BigCommerce has become an acquisition target after losing 90% of its market value in the four years since its initial public offering. It has struggled to compete against larger rival Shopify Report this ad The Austin, Texas-based company has asked investment bank Qatalyst Partners to solicit interest from potential buyers that include private equity firms, the sources said. The discussions are at an early stage and no deal is certain, the sources added, requesting anonymity because the matter is confidential. Spokespeople for BigCommerce and Qatalyst did not respond to requests for comment. Coming soon: Get the latest news and expert analysis about the state of the global economy with Reuters Econ World. Sign up Reporting by Milana Vinn in New York Additional reporting by Siddharth Cavale in New York Editing by Greg Roumeliotis Our Standards: Milana Vinn Thomson Reuters Milana Vinn reports on technology, media, and telecom (TMT) mergers and acquisitions. Her co Show less Read more
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