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CommerceHub, Walmart’s ecommerce software provider, mulling an IPO

New York - CommerceHub has hired Morgan Stanley to prepare a public offering that could value the ecommerce software provider’s business up to 2 billion dollars.

According to sources close to the matter cited by Bloomberg, the IPO could take place in the fourth quarter or next year.

GTCR and Sycamore Partners have owned CommerceHub since 2018, when they took the NY-based provider of ecommerce software private for 1.1 billion dollars. Amongst other clients, CommerceHub helps fulfill orders and manage deliveries for retailers including Walmart and Best Buy.