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After more than a year with no initial public offering in Austin, the local business scene is having its second in less than a week, according to a report in the Austin Business Journal.

BigCommerce plans to begin trading on the Nasdaq today, Aug. 5, under the ticker "BIGC," the report says:

"The Austin-based company is offering more than 9 million shares of common stock at $24 apiece, according to an Aug. 4 announcement, which would generate more than $216 million."

On Friday, the Austin company Vital Farms went public and is now valued at over $1.5B, according to the report.

"Prior to that, the last Central Texas company to IPO was Yeti Coolers in late October 2018," the report says.

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