Squarespace Goes Private in $6.6 Billion Deal: Shares Surge 13.3%

GMBStaff

 14 May 24

tl;dr

Squarespace has announced it will be taken private in a $6.6 billion all-cash deal, causing shares to spike 13.3%. The deal is expected to close by Q4 2024, leaving minimal upside for shareholders. Despite rapid growth in subscriptions, bookings, and gross payment volume, the stock is considered ove...

Squarespace has announced it will be taken private in a $6.6 billion all-cash deal, causing shares to spike 13.3%. The deal is expected to close by Q4 2024, leaving minimal upside for shareholders. Despite rapid growth in subscriptions, bookings, and gross payment volume, the stock is considered overvalued. The deal kills most real upside, and there are better opportunities that can be had in the meantime.

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