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Retail Software Maker BigCommerce to Seek U.S. IPO

  • Startup has filed for initial public offering confidentially
  • Austin startup could be valued at roughly $1 billion

BigCommerce Inc., which designs and develops software to make online storefronts, is planning a U.S. initial public offering this year, according to people with knowledge of the matter.

The Austin, Texas-based company is working with Morgan Stanley on the offering, which could value it at roughly $1 billion, the people said. BigCommerce has filed confidentially for the listing and its financials could become public soon, they added.