What Is Squarespace’s Valuation? Maybe $6.8 Billion to Start.

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What Is Squarespace’s Valuation? Maybe $6.8 Billion to Start.

Barrons2021-05-19

The New York Stock Exchange said late Tuesday that the reference price for Squarespace, which is listing its shares Wednesday, would be $50. This translates to a $6.8 billon valuation for Squarespace,...

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Calvin1095
·2021-05-19
omg
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Maybe $6.8 Billion to Start.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 15:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/squarespace-direct-listing-51621375363?mod=hp_LEAD_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The New York Stock Exchange said late Tuesday that the reference price for Squarespace, which is listing its shares Wednesday, would be $50.\nThis translates to a $6.8 billon valuation for Squarespace,...</p>\n\n<a href=\"https://www.barrons.com/articles/squarespace-direct-listing-51621375363?mod=hp_LEAD_2\">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://www.barrons.com/articles/squarespace-direct-listing-51621375363?mod=hp_LEAD_2","article_id":"1198183491","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198183491","pubTimestamp":1621407757,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"The New York Stock Exchange said late Tuesday that the reference price for Squarespace, which is lis","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SQSP":"Squarespace Inc."},"translate_title":"Squarespace的估值是多少？也许68亿美元开始。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SQSP":0.9},"content_text":"The New York Stock Exchange said late Tuesday that the reference price for Squarespace, which is listing its shares Wednesday, would be $50.\nThis translates to a $6.8 billon valuation for Squarespace, a New York web hosting company, based on roughly 136 million shares outstanding. The $6.8 billion is below a $10 billion valuation Squarespace snagged with its last funding round in March.\nReference prices typically have no relevance as to how the stock will trade. Rather, they are meant to be a guide that informs the public of recent private trading activity.Coinbase Global (ticker: COIN), which went public in April using a direct listing,received a $250 reference price. Its stock opened at $381.\nSquarespace is scheduled to make its public equity markets debut on Wednesday under the ticker SQSP on the NYSE. Squarespace shareholders have registered to sell 40.4 million shares. The company will not receive any proceeds from the offering.\nFourteen investment banks, including Goldman Sachs, J.P. Morgan, Barclays, and RBC Capital Markets, are working on the deal as financial advisers. Goldman and J.P. Morgan will work with the designated market maker to set Squarespace’s opening trading price, the prospectus said.\nFounded in 2003, Squarespace is a website building and payments company. Its platform is used by millions of customers in over 180 companies, a prospectus said. 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