eCommerce software maker, CommerceHub is filing for IPO


US-based CommerceHub Inc., a private equity-backed maker of e-commerce software that has seen its business boom during the Covid-19 pandemic, is preparing an initial public offering.

The IPO could value the business at more than $2 billion, according to people familiar with the matter.

According to Bloomberg, the company is working with Morgan Stanley on a public listing that could launch in the fourth quarter of this year or in 2021, said the people, who requested anonymity because the talks are private. As with any company that pursues an initial public offering, CommerceHub may also garner takeover interest, some of the people said. One person said the company could target a valuation of as much as $3 billion.