Can Squarespace dodge the direct listing value trap?
https://techcrunch.com/2021/05/19/can-squarespace-dodge-the-direct-listing-value-trap/
It’s Squarespace direct listing day, and the SMB web hosting and design shop’s reference price has been set at $50 per share.
According to quick math from the IPO-watching group Renaissance Capital, Squarespace is worth $7.4 billion at that price, calculated using a fully diluted share count. The company’s new valuation is sharply under where Squarespace raised capital in March, when it added $300 million to its accounts at a $10.0 billion post-money valuation, according to Crunchbase data.
Can Squarespace dodge the direct listing value trap?
May 19, 2021, 4:48pm UTC
https://techcrunch.com/2021/05/19/can-squarespace-dodge-the-direct-listing-value-trap/
> It’s Squarespace direct listing day, and the SMB web hosting and design shop’s reference price has been set at $50 per share.
> According to quick math from the IPO-watching group Renaissance Capital, Squarespace is worth $7.4 billion at that price, calculated using a fully diluted share count. The company’s new valuation is sharply under where Squarespace raised capital in March, when it added $300 million to its accounts at a $10.0 billion post-money valuation, according to Crunchbase data.