Squarespace is set to go public this week, and its IPO will be one of the most highly anticipated in recent years. The company, which provides a platform for businesses to create and manage their websites, has been growing rapidly and is now valued at over $1 billion.
This week, Squarespace will begin trading on the New York Stock Exchange under the ticker “SQSP.” The company has priced its shares at $12 each, which would give it a market value of about $1.7 billion.
Squarespace was founded in 2003 by Anthony Casalena, who remains the CEO today. The company has been profitable for the past three years, but it has never raised any venture capital. In fact, it has been funded entirely by Casalena himself, who reinvested profits back into the business.
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The decision to go public now appears to be driven by two factors: first, the recent boom in tech IPOs (especially those of “unicorns,” or private companies valued at over $1 billion); and second, the need for capital to fuel Squarespace’s continued growth.
Indeed, Squarespace has been growing rapidly in recent years. In 2014, it generated $170 million in revenue, up from $102 million in 2013. And its customer base has more than doubled over the past two years, from 400,000 to over 1 million.
The company is currently unprofitable on a GAAP basis, but it expects to become profitable within the next two years. It also has a strong balance sheet, with over $200 million in cash and no debt.
The Squarespace IPO will be closely watched by both investors and entrepreneurs. If successful, it could pave the way for other high-growth tech companies to go public without giving up too much control to outside investors.
9 Related Question Answers Found
On Wednesday, August 7, 2019, Squarespace, the website building and hosting company, announced that it had confidentially filed to go public. This move comes as the company looks to capitalize on the growing demand for web-based services. Founded in 2004, Squarespace has long been a popular choice for small businesses and individuals looking to create a professional-looking website without having to code or design one from scratch.
Starting a business is hard enough, but finding the right platform to build your website can be downright daunting. With so many options out there, it’s tough to know which one is right for you. If you’re considering using Squarespace for your business website, here’s what you need to know.
Squarespace is a website builder and hosting company that offers a suite of products to help people easily create and maintain professional looking websites. The company was founded in 2003 and is headquartered in New York City. Squarespace offers a variety of different products to help people create and maintain professional looking websites.
A Squarespace account is an online platform that allows users to create and manage websites. The platform provides a drag-and-drop interface for creating web pages, as well as a wide range of templates and tools for customizing website designs. Squarespace also offers e-commerce and blogging features, and users can connect their sites to a variety of third-party services.
Squarespace CSS is a code language used to style text on websites. It allows web developers to create custom styles for how text appears on a website, and makes it easy to change the appearance of text across an entire website with just a few lines of code. Squarespace CSS is based on the widely used Cascading Style Sheets (CSS) code language, and extends it with some additional features specifically for Squarespace websites.
If you’re wondering what companies use Squarespace, you’re not alone. Many people are curious about which businesses have made the switch to Squarespace and which ones are still using other platforms like WordPress or Wix. There are many reasons why a company might choose Squarespace over other website builders.
Squarespace is a content management system (CMS) and website builder that enables users to create and maintain professional-looking websites without any prior coding knowledge. It is a popular choice for individuals and businesses alike, offering a host of features and templates to suit all budgets and needs. So, what exactly is Squarespace?
Squarespace is a popular website builder and content management system (CMS). It allows users to create and manage websites without needing to code or use complex web development tools. Squarespace is easy to use, reliable, and offers a wide range of features and templates.
Squarespace is a website builder and hosting company founded in 2006 by David Karp and Charles Green. In February 2015, Square acquired rival site builder Wix. com for $200 million.
