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Wix edges higher following IPO

  • WIX's IPO is faring a little better than peer Endurance International's (EIGI -4.1% - previous), but isn't exactly a blockbuster. After pricing its 7.7M-share IPO at $16.50 (the high end of its range), the hosting services/site development tool provider opened at $18.65 but has since dropped to $16.75, up 1.5%. That gives Wix a valuation of $610M.
  • Wix had revenue of $55.4M (+82% Y/Y) over the first nine months of 2013, and a net loss of $17.8M.
  • F-1, IPO preview
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