- General Atlantic, Index Ventures, and Accel-backed website-hosting service Squarespace Inc are eyeing a direct 2021 listing instead of a traditional initial public offering (IPO), Bloomberg reports.
- Squarespace would join the likes of Roblox Corp (NYSE: RBLX), Palantir Technologies Inc (NYSE: PLTR), Slack Technologies Inc (NYSE: WORK), Spotify Technology SA (NYSE: SPOT), and Asana Inc (NYSE: ASAN), which took the direct listing route. Cryptocurrency exchange Coinbase Global (NASDAQ:COIN) is also set for a direct listing on Wednesday.
- Existing investors can begin selling their shares on the first day of trading under a direct listing without the IPO hassles of new capital raise or lock-up period restrictions.
- Squarespace was valued at $10 billion last month based on a funding round. The company disclosed its confidential filing for a public listing in Jan.
- Squarespace’s publicly traded peers included Wix.Com Ltd (NASDAQ: WIX) and GoDaddy Inc (NYSE: GDDY).
Recap: Hancock Whitney Q2 Earnings
Shares of Hancock Whitney (NASDAQ:HWC) rose in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 1145.45% over the past year to $1.37, which beat the estimate of $1.11.
