Squarespace Shares Given $50 Reference Price for NYSE Debut
- Web-hosting service going public via direct listing Wednesday
- Squarespace was valued at $10 billion in March funding round
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Website-hosting service Squarespace Inc. was assigned a reference price of $50 a share by the New York Stock Exchange as it prepares for its trading debut in a direct listing.
Squarespace’s shares will begin trading Wednesday without the company raising any capital. As with previous direct listings, the company won’t issue new shares at a set price. Instead, current investors can simply begin selling shares based on demand when trading opens.