4/16, 9:05 PM (Source: TeleTrader)
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Squarespace to go public on NYSE via direct listing

Squarespace website building company filed to go public on the New York Stock Exchange under the symbol "SQSP" on Friday.

The company will be using a direct listing process (DLP) to go public, which means it will sell existing shares on the public market to let earlier investors and employees gain liquidity, a move increasingly popular among tech companies.

Squarespace raised $300 million last month in funding. It also reported a revenue of $621.1 million in 2020, marking a 28% increase, compared to the year before.

Breaking the News / LH