Evercommerce, an end-to-end service platform specializing in home improvement, health services, and fitness services, has announced its initial public offering on the NASDAQ. The company will trade as EVCM.
"It’s official. Evercommerce is now trading on the Nasdaq," Kevin Geiger, VP of business development at Evercommerce, said on LinkedIn."Congratulations to everyone involved. The next chapter has begun and I am very proud to be part of that chapter."
In an announcement of the company's public offering on July 1, 2021, Evercommerce said that it would release 19,117,648 shares of its common stock at a public offering price of $17.00 per share. Since then, the stock has climbed to over $18.50 per share. The company says that Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC and KKR Capital Markets LLC are acting as lead book-running managers for the initial public offering. An additional set of stocks are available to entities affiliated with Silver Lake, an existing stockholder that invested in Evercommerce back in July of 2019.
Since 2016, Evercommerce climbed its way to ubiquity in the home improvement space with EverPro, a solution built for marketing, business management, and customer engagement. The tool is populated by the acquisitions of companies such as MarketSharp and improveit360: On its website, they list 27 home service companies under its wing.
Evercommerce continues to expand in all three branches of their service offerings, and one of their most recent acquisitions a New Zealand-based, beauty-industry software.
RELATED: Evercommerce: A New Dynasty in Home Improvement
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