The key moments, with employee sentiment along the way.
2009
🌱
2009
Founded
Eddie Machaalani and Mitchell Harper launch the online-store builder in Sydney; it grows up in Austin.
Wikipedia
2018
🦄
2018
Joins the unicorn club
A late venture round lifts the Shopify rival past $1B on the private markets.
TechCrunch
Aug 2020
Aug 2020
IPO pops ~200%
Having turned down a $1.5B offer from Intuit, it prices at $24 and closes near $75 on day one — about a $6.75B valuation.
CNBC
2021
📈
2021
The peak: $93.99$6.75B
The stock tops out with the pandemic e-commerce boom at full froth.
stockanalysis
2022–24
2022–24
Shopify hardens, losses persist
E-commerce growth normalizes after the pandemic and the stock gives back roughly 97%.
stockanalysis
2022
💔
2022
Slips out of the club
Two years after the quadruple-on-day-one debut, the market cap is back below $1B.
stockanalysis
2022–25
💬
From the inside · Glassdoor reviews, 2022–25
Employee reviews logged the long grind: layoff rounds of roughly 10% a year for three straight years — some announced by email or timed just before the holidays — strategy flips every few months, and a 401(k) match that only arrived in 2025.
2026
2026
Now Commerce.com
The rebranded company trades on Nasdaq as CMRC at a market cap around $226M — about 97% below the peak.
stockanalysis
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
BigCommerce is a SaaS platform that lets merchants build and run online stores. It turned down a $1.5B acquisition offer from Intuit and went public in August 2020, shares nearly quadrupling on day one to value the company around $6.75B.
As e-commerce growth normalized and Shopify's dominance hardened, losses persisted and the stock fell roughly 97%, leaving the company — since rebranded Commerce.com — worth a couple hundred million dollars.
Source: Built In / CNBC / stockanalysis ($24 IPO Aug 2020, closed ~$75 valuing it ~$6.75B, peaked $93.99; ~$226M market cap by 2026; rebranded Commerce.com)
Founders & leadership
BB
Brent Bellm
CEO
No public profile matched
Eddie Machaalani
co-founder & co-CEO (met Harper in an online chatroom in 2003)
