We believe the creative process is critical to our success, and we seek to protect it as we develop new directions for our product and company. But instead of listing at the stock markets, the company floated another investment round last year, and allowed early employees and investors to cash in. Twitter. Squarespace, the SaaS company specializing in website building, named Marcela Martin its new CFO, effective November 1, in a move working towards an IPO. “It is not the most fun thing to be public, but it gives you a lot of optionality as to how you’re going to build a business for the better. Few companies already got go-ahead from the SEBI for the IPOs and they might come with their initial public offers in a few months. This site is protected by reCAPTCHA and the Google Taking your startup public isn’t a requirement to building a billion-dollar business— maybe ever. The 25,000-square-foot office houses one hub of our Customer Operations team. Squarespace searched for an executive with several years of public-company experience to fill its CFO seat, as opposed to someone with IPO experience only, Mr. Casalena said. We exist to help people with creative ideas stand out and succeed.We create a modern platform that enables millions to build a brand, share their stories, and transact with their customers in an impactful and beautiful online presence. "As we prepare for our next phase of growth, it was important for us to find an experienced CFO who not only has the right mix of global tech, digital, and media expertise, but understands our vision," Casalena said in a statement. The free newsletter covering the top industry headlines, By signing up to receive our newsletter, you agree to our, Finance leadership means owning blame, CFO says, COVID-19 driving rise in loan portability, CFO compensation less than half of CEO pay, study finds, 4 cost management mistakes for CFOs to avoid in 2021, How to Eliminate Wasteful Spending in Employee Expenses, Shaping Business Culture in the Age of Digital Transformation, What CFOs Are Saying About This Week’s Elections, Ant Group's I.P.O. Shutterstock shares rose 4.8% to $38.08 in New York Stock Exchange trading on Monday, boosting its market cap to $1.34 billion. We believe that great design should be available to everyone, and we are relentless in our pursuit of great design in everything we do. “We’re at a size where we could be public, with about half a billion in revenue this year, a little bit over 1,000 employees and profitable these days,” he said.