1stdibs.com, an e-commerce platform for artwork, jewelry, antiques, and other luxury goods, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
1stDibs is an online marketplace that connects design lovers with the best sellers and makers 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 1stDibs 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 was founded in 2000 and booked $90 million in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol DIBS. 1stdibs.com filed confidentially on February 12, 2021. BofA Securities, Barclays, Allen & Company, and Evercore ISI are the joint bookrunners on the deal. No pricing terms were disclosed.
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