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Latham & Watkins Advises on Squarespace’s Block Trade of Class A Common Stock

November 28, 2023
Firm also represented the initial purchasers in Squarespace’s secondary offering in 2023 and the financial advisors in Squarespace’s direct listing in 2021.

On November 20, 2023, Squarespace, Inc. (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, closed its underwritten block trade of 6,000,000 shares of the Company's Class A common stock by General Atlantic (the selling stockholder). The selling stockholder granted the underwriter a 30-day option to purchase up to an additional 900,000 shares of Class A common stock. All of the shares in the offering will be sold by the selling stockholder. The Company did not receive any proceeds from the sale of the shares by the selling stockholder.

Latham & Watkins LLP represented the underwriter in the offering with a capital markets team led by partners Marc Jaffe, Greg Rodgers, and Benjamin Cohen, with associates Katherine Lovejoy, James Dorian, and Ilan Lavian. Advice was also provided on tax matters by partner Jiyeon Lee-Lim, with associate Eni Kassim; on intellectual property matters by partner Jeff Tochner, with associate Dewey Kang; and on data privacy & security matters by partner Robert Blamires, with counsel Robert Brown and associate Kathryn Parsons-Reponte.