Go public now while software valuations make no sense – TechCrunch
Go public now while software valuations make no sense BigCommerce and the big WTF of today's market pricesSoftware valuations are bonkers, which means it’s a great time to go public. Asana, Monday.com, Wrike and every other gosh darn software company that is putting it off, pay attention. Over the past few weeks, TechCrunch has tracked the filing, first pricing, rejiggered pricing range, and, today, the first day of trading for BigCommerce, a Texas-based e-commerce company. Then the company opened at $68 per share today, currently trading for $82 per share. BigCommerce is now worth, using some rough math, around $5.4 billion, giving it a run-rate multiple of around 38x, using the midpoint of its Q2 revenue range.