Michael Bruno Founded New York Headquartered Luxury E Commerce Marketplace 1stDibs Opens Above IPO Price on Nasdaq

Luxury retailer 1stDibs has made its Nasdaq debut with shares opening above the IPO price at nearly $21.50. CEO David Rosenblatt said taking the company public will allow the growth seen over the last five years to be more easily sustained. Rosenblatt noted that some of the success amid the pandemic was due to COVID-19 training “generations worth of buyers how to use the internet to do everything from set up passwords and accounts to actually pull the trigger and make purchases." The e-commerce site sells high-end products such as antiques, furniture, art, and jewelry.