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After BigCommerce 8216 initial public offering IPO last week, the company has seen a massive uptick in its stock, which shot up over 200 percent. But before that, Intuit offered to buy the company for $1.5 billion, a proposal that was rejected, CNBC reported.BigCommerce works in the field of helping eCommerce retailers with software for developing websites, handling payments and converting currencies.According to CNBC report, the deal was lucrative to some BigCommerce executives. But CEO Brent Bellm thought differently. He chose to wager on the odds that investors would keep piling money into the popular cloud software company stock.The wager wasn ;t unfounded. During the economic crisis this year, subs <a href=https://www.cup-stanley-cup.ca>stanley mug</a> cription software vendors have seen an increase in worth, with some doubling or tripling in value due to the upswing in demand for digital tools as people began to work from home.In its IPO prospectus, BigCommerce said it is well-positioned to continue to benefit from the macro-economic shift to eCommerce that COVID-19 has accelerated, but revenue may be more variable in the near term as a result, CNBC reported.If BigCommerce had taken <a href=https://www.cups-stanley-cups.ca>stanley tumblers</a> Intuit $1.5 billion deal, though, the company would have been valued at around 11 times revenue. That would have been a good deal for a company growing at around 30 percent annually, according to CNBC. The company was valued at around 44 times revenue on Monday Aug. 1 <a href=https://www.cups-stanley-cups.ca>stanley cup canada</a> 0 .BigCommerce chief rival, S Ftqk Why Banks Don t Cover Cybertheft For SMEs
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