What to Know as Squarespace Goes Public | Morningstar

Founded in 2003, Squarespace is an Internet veteran, and it has managed to consistently grow both its user base and revenue. The company first became profitable in 2016 and has since continued to perform well. At the end of 2020, Squarespace had roughly 3.7 million subscribers and brought in … See more

CouponFollow Extension

3%
OFF

Squarespace's Stock Climbs After Buyout Bid Boosted To $7

4 weeks from now

Sep 9, 2024 · Squarespace's stock had closed Friday at $45.30, or 3% above the original buyout bid's price. It has run up 37.2% year to date, while the S&P 500 index SPX has gained 13.4%. …

morningstar.com

$621
OFF

Website Maker Squarespace Files To Go Public On NYSE - CNBC

4 weeks from now

Apr 16, 2021 · Squarespace reported $621.1 million in revenue in 2020, according to the company's prospectus.

cnbc.com

$7
OFF

Squarespace To Go Private In $7 Billion Private-equity Deal

4 weeks from now

May 13, 2024 · Permira agreed to take Squarespace private less than three years after it first went public in 2021.

cnbc.com

$6
OFF

Private Equity Firm Buys Squarespace For $6.9 Billion.

4 weeks from now

May 13, 2024 · As part of the deal with the private equity firm Permira, Squarespace agreed to become a private company again. The website-building platform went public in 2021, but …

theverge.com

$44
OFF

Squarespace Earnings: Solid Second-Quarter Results As

4 weeks from now

Aug 2, 2024 · We maintain our $44 fair value estimate for no-moat Squarespace after the firm reported solid second-quarter results. As announced in May 2024, Squarespace will be …

morningstar.com

FAQs about What to Know as Squarespace Goes Public | Morningstar Coupon?

Is Squarespace about to go public?

The founder of this website-building platform is making serious cash, but he doesn't want to spend a penny he doesn't have to. "We don't have immediate plans for an IPO," says Squarespace founder Anthony Casalena. ...

Will Squarespace go private?

Squarespace, the website-building platform, announced on Monday it would go private in a $6.9 billion all-cash deal with private-equity firm Permira, after nearly three turbulent years on the public market. Permira agreed to pay $44 per share in cash, a roughly 30% premium to Squarespace’s unaffected share price. ...

How much money does Squarespace make a year?

Squarespace reported $621.1 million in revenue in 2020, with revenue growing 28% year over year. The service for building websites has more than 3 million customers. Squarespace CEO Anthony Casalena. Squarespace, which makes software for people to build websites, on Friday filed to go public on the New York Stock Exchange under the symbol “SQSP.” ...

Does Squarespace have public-market support?

In recent years, Squarespace struggled to capture public-market support: It opened below its $50 reference price in 2021 and never again traded above its $48 open price. “We are thrilled to be partnering with Permira on this new leg of our journey,” Squarespace founder and CEO Anthony Casalena said in a release. ...

Is Squarespace a publicly traded company?

Squarespace is the latest tech firm to go private, after continued struggles and underperformance as a publicly traded company. The New York Stock Exchange welcomes Squarespace, Inc. (NYSE: SQSP), on May 19, 2021, in celebration of its Direct Listing. ...

How did Squarespace grow in 2020?

The company reported $621.1 million in revenue in 2020, up 28% year over year. Squarespace wants to grow its business by signing up new customers and get existing clients to use more of its services, including tools for selling products online. Squarespace had more than 3.6 million subscriptions at the end of the year, up about 23%. ...