Squarespace Shares Given $50 Reference Price for NYSE Debut

35
8
Favorite

Squarespace Shares Given $50 Reference Price for NYSE Debut

Bloomberg2021-05-19

(Bloomberg) -- Website-hosting service Squarespace Inc. was assigned a reference price of $50 a share by the New York Stock Exchange as it prepares for its trading debut in a direct listing....

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（8）

Nn9876543
·2021-05-19
Ok
Reply
1
Report
Fold Replies
- FuNman168:
  Gd
  2021-05-19
  Reply
  Report
Dhalsim Wee
·2021-05-19
like and comment if you think this will moon!
Reply
Like
Report
Fold Replies
- Lcc73:
  Comment
  2021-05-19
  Reply
  Report
Zfron
·2021-05-19
Like n comment pls
Reply
1
Report
Fold Replies
- Saintrade:
  Ok
  2021-05-19
  Reply
  Report
AntonyGeorge
·2021-05-19
Wowo
Reply
Like
Report
Gotz293
·2021-05-19
really !
Reply
4
Report
asdine
·2021-05-19
Expensive
Reply
1
Report
Fold Replies
- asdine:
  very ex
  2021-05-19
  Reply
  Report
Pigmonkey
·2021-05-19
Really
Reply
Like
Report
pandajojo
·2021-05-19
$50 for debut is a good price... Strong fundamental
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1125902121?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-19 08:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1125902121","market":"us","top_or_hot":-1,"title":"Squarespace Shares Given $50 Reference Price for NYSE Debut","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Website-hosting service Squarespace Inc. was assigned a reference price of $50 a share by the New York Stock Exchange as it prepares for its trading debut in a direct listing....</p>\n\n<a href=\"https://finance.yahoo.com/news/squarespace-shares-assigned-50-reference-214849226.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Squarespace Shares Given $50 Reference Price for NYSE Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquarespace Shares Given $50 Reference Price for NYSE Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 08:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/squarespace-shares-assigned-50-reference-214849226.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Website-hosting service Squarespace Inc. was assigned a reference price of $50 a share by the New York Stock Exchange as it prepares for its trading debut in a direct listing....</p>\n\n<a href=\"https://finance.yahoo.com/news/squarespace-shares-assigned-50-reference-214849226.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SQSP","symbol_name":"Squarespace Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/squarespace-shares-assigned-50-reference-214849226.html","article_id":"1125902121","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1125902121","pubTimestamp":1621384609,"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"(Bloomberg) -- Website-hosting service Squarespace Inc. was assigned a reference price of $50 a shar","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SQSP":"Squarespace Inc."},"translate_title":"Squarespace股票在纽约证交所上市的参考价为50美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SQSP":0.9},"content_text":"(Bloomberg) -- Website-hosting service Squarespace Inc. was assigned a reference price of $50 a share by the New York Stock Exchange as it prepares for its trading debut in a direct listing.Squarespace’s shares will begin trading Wednesday without the company raising any capital. As with previous direct listings, the company won’t issue new shares at a set price. Instead, current investors can simply begin selling shares based on demand when trading opens.The company is joining a cadre of technology-oriented firms that have gone public through direct listings, most recently cryptocurrency exchange Coinbase Global Inc. and online game maker Roblox Corp. this year. Palantir Technologies Inc. and Asana Inc. debuted through direct listings last year, following a trail blazed by Spotify Technology SA and Slack Technologies Inc. before them.Led by founder and Chief Executive Officer Anthony Casalena, Squarespace competes against publicly traded rivals Wix.com Ltd. and GoDaddy Inc., among others. The New York-based company is backed by investors including General Atlantic, Index Ventures and Accel.Setting a reference price is a requirement for trading to begin. Unlike the share price in a standard initial public offering, it isn’t a direct indicator of the company’s market capitalization because it’s a guide rather than a sale price. Still, at $50 a share, Squarespace would have a market value of about $6.8 billion based on the outstanding shares listed in its filings, not including employee stock options.Squarespace raised funding in March at an enterprise value of $10 billion, an amount that would have included options and similar holdings.While investment banks don’t underwrite direct listings as they do IPOs, they do advise the company on the listing. Squarespace is working with with banks including Goldman Sachs Group Inc. and JPMorgan Chase & Co., according to its filings with the U.S. Securities and Exchange Commission. The company’s shares are expected to trade on the NYSE under the symbol SQSP.E-Commerce ExpansionSquarespace had 3.7 million unique subscriptions as of Dec. 31 and is expanding beyond web hosting to e-commerce, according to its filing.It had a net income of about $31 million on revenue of $621 million last year, compared with $58 million on revenue of $485 million in 2019, according to its filing.Its e-commerce business had 2020 revenue of $143 million, a 78% increase over the previous year, according to the filing. Its growth plans include expanding it customer base -- especially internationally -- and deepening its commerce offerings.The company acquired restaurant-services provider Tock for more than $400 million in March. Squarespace paid a mix of cash and stock for the Chicago-based company, which provides technology for online reservations, takeout and other services. That followed 2019 deals for Unfold Creative LLC and Acuity Scheduling Inc.Squarespace will pursue strategic acquisitions to accelerate key platform, product and marketing initiatives, it said in its filing.Casalena will continue to control the company through his 76% ownership of the company’s Class B shares, which carry 10 votes each compared with one each for the Class A shares that will be listed, according to the filings.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":194512249,"gmtCreate":1621386471781,"gmtModify":1704356751474,"author":{"id":"3579223722445124","authorId":"3579223722445124","name":"Nn9876543","avatar":"https://static.tigerbbs.com/f303d61037d0b19d1482129a96aaf20f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3579223722445124","authorIdStr":"3579223722445124"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/194512249","repostId":1125902121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4373014,"gmtCreate":1621386638259,"gmtModify":1680789590007,"authorId":3555557009386362,"author":{"id":3555557009386362,"idStr":"3555557009386362","authorId":3555557009386362,"name":"FuNman168","avatar":"https://static.tigerbbs.com/514a27d720a081249aac55d90187f4e2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194512249,"type":1,"supId":0,"prevId":0,"content":"Gd","text":"Gd","html":"Gd"}],"langContent":"EN"},{"id":194511190,"gmtCreate":1621386352610,"gmtModify":1704356747273,"author":{"id":"3573082020282164","authorId":"3573082020282164","name":"Dhalsim Wee","avatar":"https://community-static.tradeup.com/news/13ec42346e39510aa6641f12e2a56638","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":6,"crmLevelSwitch":0,"idStr":"3573082020282164","authorIdStr":"3573082020282164"},"htmlText":"like and comment if you think this will moon!","listText":"like and comment if you think this will moon!","text":"like and comment if you think this will moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/194511190","repostId":1125902121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4372940,"gmtCreate":1621386432778,"gmtModify":1680789589465,"authorId":3564712937580301,"author":{"id":3564712937580301,"idStr":"3564712937580301","authorId":3564712937580301,"name":"Lcc73","avatar":"https://static.tigerbbs.com/72523840e673b42dada1978a1dc74033","vip":1,"currentWearingBadge":{"badgeId":"23f878ed27704312ae41c7f17e73b319-2","templateUuid":"23f878ed27704312ae41c7f17e73b319","name":"Annualised return","description":"Top 30%","bigImgUrl":"https://community-static.tradeup.com/news/50461c8139b6ca50fe2dae19aa769b25","smallImgUrl":"https://community-static.tradeup.com/news/c8eef504853d5a517c50d7a88fa5c1e1","grayImgUrl":"https://community-static.tradeup.com/news/5273727845028b8d9b65556bdcb217b9","redirectLinkEnabled":0,"redirectLink":"https://www.tigerbrokers.com.sg/activity/market/2023/stock-contest?adcode=StockContest2023","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.08.16","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":5300},"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194511190,"type":1,"supId":0,"prevId":0,"content":"Comment","text":"Comment","html":"Comment"}],"langContent":"EN"},{"id":194596080,"gmtCreate":1621385583540,"gmtModify":1704356721862,"author":{"id":"3573634322541563","authorId":"3573634322541563","name":"Zfron","avatar":"https://static.tigerbbs.com/70ecdc2067440ea2fe4b2c600ae46f73","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3573634322541563","authorIdStr":"3573634322541563"},"htmlText":"Like n comment pls&nbsp;","listText":"Like n comment pls&nbsp;","text":"Like n comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/194596080","repostId":1125902121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4372915,"gmtCreate":1621386356256,"gmtModify":1680789589970,"authorId":3577131990335289,"author":{"id":3577131990335289,"idStr":"3577131990335289","authorId":3577131990335289,"name":"Saintrade","avatar":"https://static.tigerbbs.com/0586ed865bb515fc4dd23fea4fa2590d","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194596080,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":194598992,"gmtCreate":1621385530916,"gmtModify":1704356721380,"author":{"id":"3575960528012254","authorId":"3575960528012254","name":"AntonyGeorge","avatar":"https://static.tigerbbs.com/42c9567b5a3657003840b0dc4fcee15c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575960528012254","authorIdStr":"3575960528012254"},"htmlText":"Wowo","listText":"Wowo","text":"Wowo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194598992","repostId":1125902121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194505107,"gmtCreate":1621385305309,"gmtModify":1704356711028,"author":{"id":"3582102229878027","authorId":"3582102229878027","name":"Gotz293","avatar":"https://static.tigerbbs.com/f7483b8e0904ec38eaa30808f88c2eb9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582102229878027","authorIdStr":"3582102229878027"},"htmlText":"really !","listText":"really !","text":"really !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194505107","repostId":1125902121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194500746,"gmtCreate":1621385003385,"gmtModify":1704356703881,"author":{"id":"3582074828081294","authorId":"3582074828081294","name":"asdine","avatar":"https://static.tigerbbs.com/1de6a3b69cd62b99233606d7c5500508","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582074828081294","authorIdStr":"3582074828081294"},"htmlText":"Expensive&nbsp;","listText":"Expensive&nbsp;","text":"Expensive","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/194500746","repostId":1125902121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4372481,"gmtCreate":1621385040840,"gmtModify":1680789582285,"authorId":3582074828081294,"author":{"id":3582074828081294,"idStr":"3582074828081294","authorId":3582074828081294,"name":"asdine","avatar":"https://static.tigerbbs.com/1de6a3b69cd62b99233606d7c5500508","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194500746,"type":1,"supId":0,"prevId":0,"content":"very <u>ex</u>","text":"very <u>ex</u>","html":"very <u>ex</u>"}],"langContent":"EN"},{"id":194500264,"gmtCreate":1621384989958,"gmtModify":1704356702908,"author":{"id":"3568071651427696","authorId":"3568071651427696","name":"Pigmonkey","avatar":"https://static.tigerbbs.com/3402225c0172781df7553e20722ebad7","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568071651427696","authorIdStr":"3568071651427696"},"htmlText":"Really","listText":"Really","text":"Really","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194500264","repostId":1125902121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194275789,"gmtCreate":1621384877541,"gmtModify":1704356699447,"author":{"id":"3578965435978206","authorId":"3578965435978206","name":"pandajojo","avatar":"https://static.tigerbbs.com/7efe44a2514d987c5a8b342b85d6f229","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578965435978206","authorIdStr":"3578965435978206"},"htmlText":"$50 for debut is a good price... Strong fundamental&nbsp;","listText":"$50 for debut is a good price... Strong fundamental&nbsp;","text":"$50 for debut is a good price... Strong fundamental","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194275789","repostId":1125902121,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":35,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}