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Market Update

What to Know as Squarespace Goes Public

The established website builder sees growth opportunities but faces stiff competition.

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Technology startup Squarespace, previously valued at around $10 billion, began trading today, May 19, in a direct listing. Squarespace is a one-stop shop for anyone who wants to build a digital presence; the company offers everything from website-building to payment services to customer relationship tools to brand management.

Investors shouldn't anticipate a drastic change in direction for the company after the public offering. Founder and CEO Anthony Casalena will retain a majority of the voting power, so shareholder resolutions aren't likely to rock the boat.

Margaret Giles does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.