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Luxury E-Commerce Marketplace 1stDibs Taps Banks for IPO

  • Company could seek a $1 billion-plus valuation in an IPO
  • T. Rowe, Insight Partners, Groupe Artémis are backers
Internet Shopping Leads Recovery in U.K. Consumer Spending
Photographer: Hollie Adams/Bloomberg

1stDibs.com Inc., the e-commerce site for high-end goods and art, has tapped banks to lead an initial public offering this year, according to people with knowledge of the matter.

The company is seeking a valuation of at least $1 billion, the people said, asking not to be identified because the information is private. The company’s plans haven’t been finalized and could still change.