Houzz Common Shares Down 11%

Houzz is the leading online home remodeling and design platform, providing people with everything they need to improve their homes. It is also a component in the Prime Unicorn Index benchmark, the standard bearer for private markets benchmarking.

Its last preferred round of Series E was $400mm on May 25, 2017, led by Sequoia, Wellington, GGV, Iconiq, and others which valued the company at approximately $3.8 billion on a post-money valuation basis at a preferred price per share of $11.28. Since its last financing, the company has filed nine Employee Plan Exemption Notices with the state of California. The last three government filings indicated its common shares were priced at $6.23 per share (January 19, 2023) and $7.01 per share (July 8, 2022 and March 9, 2022) indicating a 11.13% decrease in the value of its common shares that were granted to Company executives.
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