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What Was Squarespace IPO Price?

Last updated on September 30, 2022 @ 11:59 pm

It was a long time coming, but Squarespace finally went public on Wednesday. The popular website builder made its debut on the New York Stock Exchange, trading under the ticker symbol “SQSP.”

Squarespace priced its IPO at $15 per share, raising $300 million in the process. That values the company at $1.7 billion. at its IPO price.

Founded in 2003, Squarespace is one of the older companies in the still-nascent website builder space. It’s a crowded field, with competitors like Wix, Weebly, and Shopify all vying for a piece of the pie.

PRO TIP: This article discusses the Squarespace IPO price and is therefore not suitable for all audiences. Some readers may find the discussion of financial information confusing or overwhelming.

But Squarespace has managed to distinguish itself with its elegant design templates and easy-to-use drag-and-drop interface. The company has also invested heavily in marketing, regularly running ads during high-profile events like the Super Bowl.

Those efforts seem to be paying off. Squarespace says it now has over 1 million paying customers, up from 870,000 just a year ago. It also reported $522 million in revenue for 2020, a 34% increase from 2019.

The Bottom Line

So what was Squarespace IPO price? As noted above, the company priced its shares at $15 each, valuing the business at $1.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.