CFGI’s Capital Markets team supported 1stdibs.com, Inc. (Nasdaq: DIBS) with their initial public offering. On June 14, 2021, 1stDibs closed the offering of 6,612,500 shares of its common stock at a price to the public of $20.00 per share, which includes the full exercise of the underwriters’ option to purchase an additional 862,500 shares from 1stDibs. The shares began trading June 10, 2021, on The Nasdaq Global Market under the ticker symbol “DIBS”.
The net proceeds to 1stDibs were approximately $117.5 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by 1stDibs.
1stDibs is a leading online marketplace for connecting design lovers with highly coveted sellers and makers of vintage, antique and contemporary furniture, home décor, art, jewelry, watches and fashion.
The CFGI team was led by April Coleman (Capital Markets), Carla Amaning (Capital Markets) and Ray D’Eon (Capital Markets).
For further information on the offering, please read 1stDibs’ press release.