Squarespace IPOed this past month and is currently sitting around 7 billion. So far it's moved ~+20% so far.
The positive:
This company is already making money, which isn't that common with IPOs.
The market cap isn't at a ridiculous valuation relative to a few I've seen this past year.
I do think the business will have a place in the future. Every business no matter the size needs a website now days. Squarespace is an affordable affective service that will accomplish the customer needs.
Squarespace is also a great way to start your blog.
Along with there common products they can assist and help improve the effectiveness of your website.
The negative:
Yes the company is making money, but at an expensive evaluation if there isn't high growth.
There are a ton of competitors. The margins will be thin and will more than likely be a bumpy road ahead.
I'm sure there's more.
Anyways, what does everyone think about this IPO, does it have a future? Any one willing to guess how big it will get?
I'd like to hear both bear and bull cases!
Submitted May 31, 2021 at 11:06PM by Revolutionary-Cry-38 https://ift.tt/34zkYgX
