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.
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