Why SPS Commerce Rallied on Friday
The software company is reportedly in talks with a major private equity firm about a potential buyout.
Overview
Shares of e-commerce backend software company SPS Commerce (NASDAQ: SPSC) rallied as much as 15.8% before retreating to a 7.1% gain at the end of the trading day.
Bloomberg reported today that SPS was in talks with a large private equity firm over a potential buyout. SPS stock has bounced recently, but it remains well below its 2024 highs. As such, there may be a decent premium involved with any buyout.
Details
SPS is a backend software platform that facilitates e-commerce by connecting brands, retailers, distributors, and logistics providers and by providing data and fulfillment services that help e-commerce merchants run their businesses efficiently.
Source
Originally published at www.fool.com.