Squarespace, the website-building platform, can easily justify a $10 bln valuation in its direct listing. There are wrinkles like an entrenched founder but it’s on-brand for a tech deal. TheRealLSL writes:
Squarespace plans to become a publicly traded company via a direct listing on or about May 19, according to a draft prospectus filed with the Securities and Exchange Commission on May 3. The company founded by Chief Executive Anthony Casalena in 2003 was valued at nearly $10 billion in March, according to Reuters.
Job portal Ziprecruiter and delivery app Instacart also both plan to go public via direct listing, according to Reuters.A participant whirls cans filled with burning wood chips during a celebration ahead of"Jeongwol Daeboreum" .
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