SQSP News

Last month, early-stage US cannabis producer Bright Green (BGXX) completed the first direct listing of 2022, and began trading on the Nasdaq at a market cap of more than $1 billion. Despite registering nearly 100% of its shares, Bright Green has traded like the often low float, “pop-and-drop” IPOs that have become commonplace this year. The company...read more

In May, 23 IPOs raised $5.8 billion, joined by direct listings ZipRecruiter and Squarespace, along with 18 SPACs. Including the direct listings, technology was the most active sector with eight deals, featuring several platforms supporting payments and e-commerce. Healthcare stayed active with seven IPOs, mostly biotechs. Swedish oat milk brand Oatly produced the largest deal,...read more

Following some turmoil in the IPO market, three IPOs and one direct listing entered the public markets this past week. SPAC activity picked up considerably, with seven blank check IPOs raising $1.3 billion. The pipeline saw plenty of new filers, with 13 IPOs and four SPACs submitting initial filings. The largest deal of the week, Swedish oat milk brand ...read more

Squarespace's NYSE reference price has been set at $50 ahead of its direct listing. At that price, Squarespace would command a fully diluted market value of $7.4 billion. The New York, NY-based company plans to list on the NYSE today under the symbol SQSP. The NYSE reference price does not reflect an offering price, or the opening price for Squarespace's shares. Instead, the...read more