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Finance

1stDibs, Luxury E-Commerce Retailer, Announced Its IPO Date and Price

Other companies within the e-commerce space that 1stDibs will have to contend with include Amazon, eBay, Etsy, and Wayfair. 1stDibs is unique compared to these three companies because it only specializes in luxury goods like art, collectibles, fashion, and jewelry. On 1stDibs, shoppers can also interact with sellers directly for negotiation and information.

During the COVID-19 pandemic, certain buyers still had an appetite for luxury items. Agricultural Digest reported that 1stDibs sold 10 pieces of art priced above $100,000 each between March and September 2020. Renaissance Capital stated that in 2020, 1stDibs had over 58,000 buyers throughout the year with an average aggregate purchase of over $5,500.

View more information: https://marketrealist.com/p/1stdibs-ipo-date-and-price/

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