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Squarespace to Commence Trading on NYSE on May 19, 2021

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Rhea-AI Summary

Squarespace, Inc. announced that its Class A common stock will begin trading on the New York Stock Exchange under the symbol SQSP on May 19, 2021. This follows the SEC's declaration of effectiveness for their registration statement on Form S-1 on May 10, 2021, allowing for the resale of its shares. While the press release includes forward-looking statements regarding potential risks and uncertainties, it emphasizes the company's commitment to enhancing its platform and attracting customers.

Positive
  • Commencement of trading under the symbol SQSP on NYSE on May 19, 2021.
  • SEC declared the registration statement effective, facilitating share resale.
Negative
  • Forward-looking statements indicate uncertainties that could materially affect actual results.

NEW YORK, May 18, 2021 /PRNewswire/ -- Squarespace, Inc. (the "Company"), the all-in-one website building and ecommerce platform, today announced that it expects that trading of its Class A common stock on the New York Stock Exchange will commence on Wednesday, May 19, 2021 under the symbol "SQSP". Squarespace has filed a registration statement on Form S-1 with the Securities and Exchange Commission ("SEC") that registers for resale shares of its Class A common stock, which was declared effective by the SEC on May 10, 2021 (the "Registration Statement").

Copies of the prospectus relating to the Registration Statement may be obtained, when available, from Squarespace, Inc, c/o Investor Relations, 225 Varick St, 12th Floor, New York, NY 10014, or by email at investors@squarespace.com

The registration statement relating to the securities has been filed with, and declared effective by, the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limited to, the Company's expected listing on the New York Stock Exchange on May 19, 2021. The words "believe," "may," "will," "estimate," "potential," "continue," "anticipate," "intend," "expect," "could," "would," "project," "plan," "target," and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management's expectations, assumptions, and projections based on information available at the time the statements were made. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including risks and uncertainties related to: the Company's ability to attract and retain customers and expand their use of its platform; the Company's ability to improve and enhance the functionality, performance, reliability, design, security and scalability of its solutions; the Company's ability to compete successfully against current and future competitors; the impact of the COVID-19 pandemic on the Company; the Company's ability to protect or promote its brand; the Company's ability to generate new customers through its marketing and selling activities; the Company's ability to hire, integrate and retain its personnel; the reliability, security and performance of the Company's software; the Company's ability to adapt to changes to technologies used in its platform or new versions or upgrades of operating systems and internet browsers; the Company's compliance with privacy and data protection laws and regulations as well as contractual privacy and data protection obligations; and risks associated with international sales and the use of the Company's platform in various countries. It is not possible for the Company's management to predict all risks, nor can it assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements the Company may make. In light of these risks, uncertainties, and assumptions, the Company's actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Further information on risks that could cause actual results to differ materially from forecasted results are included in the Company's filings with the SEC including its Form S-1/A filed on May 3, 2021 with the SEC. Except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

About Squarespace
Squarespace is a leading all-in-one website building and ecommerce platform that enables millions to build a brand and transact with their customers in an impactful and beautiful online presence. Our suite of products enables anyone at any stage of their journey to manage their projects and businesses through websites, domains, ecommerce, marketing tools, and scheduling, along with tools for managing a social media presence with Unfold and hospitality business management via Tock. Squarespace democratizes access to best-in-class design, helping our customers in approximately 180 countries maintain consistent branding across all digital touchpoints to stand out online. Our team of more than 1,200 is headquartered in downtown New York City, with offices in Dublin, Ireland, Portland, Oregon, and Los Angeles, California.

Contacts
Investor Relations
investors@squarespace.com

Media
Amanda Cowie
acowie@squarespace.com

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SOURCE Squarespace, Inc.

FAQ

When will Squarespace commence trading on the NYSE under SQSP?

Squarespace will commence trading on the NYSE under the symbol SQSP on May 19, 2021.

What is the significance of the SEC's registration statement for Squarespace?

The SEC's registration statement allows for the resale of Squarespace's Class A common stock, facilitating its market entry.

What risks does Squarespace mention in its press release?

Squarespace's press release mentions various risks including customer retention, platform enhancement, and competition.

Squarespace, Inc.

NYSE:SQSP

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6.47B
72.62M
2.69%
82.47%
1.04%
Software - Infrastructure
Services-prepackaged Software
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United States of America
NEW YORK