Squarespace Says It’s Filed Confidentially to Go Public in U.S.

Website-hosting service Squarespace Inc. said it submitted a draft filing to go public to the U.S. Securities and Exchange Commission.

Squarespace said in a statement Wednesday, without disclosing details of its plans, that the registration will become effective after the SEC completes its review.

The New York-based company was pursuing an initial public offering in the first half of this year, Bloomberg News reported in December.

Squarespace was valued at $1.7 billion in December 2017 when General Atlantic invested $200 million, adding to a $40 million stake taken in 2014. Earlier investors included Index Ventures and Accel, which led a $38.5 million investment in 2010.

Led by founder and Chief Executive Officer Anthony Casalena, Squarespace competes against publicly traded rivals Wix.com Ltd. and GoDaddy Inc., among others.

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