Squarespace, Inc.

General Information

(Note: This is NOT an IPO. This is a direct listing on the New York Stock Exchange. The NYSE announced Tuesday, May 18, 2021, after the market’s close that the reference price is $50.00 for the Class A common stock being offered by Squarespace. From the NYSE announcement: “NOTE: The Reference Price is NOT an Offering Price. The opening public price will be determined by buy and sell orders collected by the NYSE from broker-dealers. Based on such orders, the Designated Market Maker will determine an opening price in consultation with a financial advisor and pursuant to applicable NYSE rules.)

(Note: The company said it expects its stock to start trading on the NYSE on or about May 19, 2021, according to an S-1/A filing dated May 3, 2021. There are no underwriters. Instead, there are financial advisors – in this case, Goldman Sachs and J.P. Morgan are leading a team of 14 investment banks that Squarespace has named as financial advisors. IPOScoop has “No Call” on this deal because it is NOT an IPO.)

Our Mission: Squarespace exists to help people with creative ideas stand out and succeed. We enable millions to build a brand and transact with their customers in an impactful and beautiful online presence.
Squarespace is a leading all-in-one platform for businesses and independent creators to build a beautiful online presence, grow their brands and manage their businesses across the internet. We offer websites, domains, e-commerce, tools for managing a social media presence, marketing tools and scheduling capabilities. Our easy-to-customize and design-first platform empowers millions of customers in approximately 180 countries. From individual entrepreneurs just starting out to the world’s most iconic businesses, Squarespace helps transform our customers’ visions into reality by creating an impactful, stylish and professional online presence.
Employees: 1200
Founded: 2004
Contact Information
Address 225 Varick Street, 12th Floor New York, New York 10014
Phone Number (646) 580-3456
Web Address http://www.squarespace.com/
View Prospectus: Squarespace, Inc.
Financial Information
Market Cap $6803.5mil
Revenues $621.15 mil (last 12 months)
Net Income $30.59 mil (last 12 months)
IPO Profile
Symbol SQSP
Exchange NYSE
Shares (millions): 40.4
Price range $50.00 - $50.00
Est. $ Volume $2020.0 mil
Manager / Joint Managers Goldman Sachs/ J.P. Morgan/ Barclays/ RBC Capital Markets/ Citigroup/ BofA Securities/ William Blair/ Raymond James/ JMP Securities/ KeyBanc Capital Markets/ Piper Sandler/ Mizuho Securities/ Fifth Third Securities/ Citizens Capital Markets
CO-Managers -
Expected To Trade: 5/19/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change