IPOs and Fund-Raising

Two business moves of note:

• Squarespace IPO’d last month, making their CEO the newest billionaire (that single guy still owned about 70% of the company). It didn’t go great at the start, but has done okay since then. Squarespace’s market cap (now about $8 billion) is down compared to Wix ($13 billion)
• Contentstack did a Series B round, raising $57.5 million. I couldn’t find anything about a valuation.