1stdibs.com, an online marketplace for furniture, art, antiques, and other luxury goods, raised $115 million by offering 5.75 million shares at $20, within the range of $18 to $21. At pricing, 1stDibs commands a fully diluted market value of $794 billion.
1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. The company states that the uniqueness, diversity, and high quality of products on its marketplace, together with an active marketing effort, has given it a large, global, and growing base of buyers. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year with an average aggregate purchase per year of over $5,500.
The New York, NY-based company plans to list on the Nasdaq under the symbol DIBS. BofA Securities, Barclays, Allen & Company, and Evercore ISI acted as joint bookrunners on the deal.
