Luxury e-commerce website 1stDibs files for IPO

1stDibs, an online marketplace for luxury consumer goods, has filed for an initial public offering, placing it on a growing list of New York technology companies to make public debuts this year. 

1stDibs benefited as Covid-19 shut down and then limited capacity at art galleries and jewelry shops, shifting many well-heeled shoppers to online ordering. The company’s revenue increased 15% in 2020, to $81 million, according to a filing today with the U.S. Securities and Exchange Commission. While still not profitable, 1stDibs cut its net loss from about $30 million in 2019 to $12 million last year, the filing shows. 

The company plans to list on the Nasdaq under

→ Continue reading at Crain's New York Business

[ufc-fb-comments url="http://www.newyorkmetropolitan.com/news/luxury-e-commerce-website-1stdibs-files-for-ipo"]

Latest Articles

Related Articles