There are only three offerings scheduled for the trading week beginning May 17. The offerings include an online platform for businesses, a construction management company and the global leader of oat milk…
SquareSpace: Offering an all-in-one platform for small and medium sized businesses to manage their online presence, SquareSpace NYSESQSP is one of the largest in the market. The company seeks to help people stand out and succeed by offering help with online presence, commerce and marketing.
SquareSpace has 3.7 million unique subscribers in 180 countries. Revenue was $621 million for SquareSpace in 2020, up 28% year-over-year. In the first quarter of 2021, revenue for SquareSpace was $179.6 million.
In March, SquareSpace acquired Tock, a hospitality platform and application system, for $415 million, which could help with additional expansion.
The company estimates that 46% of U.S. small and midsize businesses are not online today, offering room for expansion for SquareSpace.
SquareSpace is selling 40.4 million shares in a direct listing.
Procore Technologies: Cloud-based construction management software company Procore Technologies NYSEPCOR plans to sell 9.5 million shares at a price point of $60 to $65. The company is helping digitize a construction industry that still has low market penetration.
Procore had $400 million in revenue in 2020, up 38% year-over-year. Procore has over 800 customers that represent $100,000 in annual revenue. Over 60% of customers subscribe to three or more Procore products. The company reports 1.6 million users in over 125 countries.
Since 2014, Procore has helped manage over 1 million projects representing over $1 trillion in construction ideas. The total addressable market size for construction software is listed as $12.4 billion and growing. The construction market represents 13% of the global gross domestic product.
Oatly was founded in Sweden, where the company commands a strong 53% market share for alternative dairy products. In the United States, Oatly had 182% year-over-year growth in the retail segment for 2020.
The company is using a food service-led expansion strategy to enter new markets and gain brand recognition. Oatly entered…
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