Veronica

🚀 U.K.-based private equity firm Permira is taking the website builder giant private in an all-cash deal valued at $6.9 billion. With its intuitive no-code platform and customizable templates, Squarespace empowers SMEs and freelancers to build stunning websites and online stores effortlessly. CEO Anthony Casalena will remain at the helm, backed by Permira’s confidence. This move signals a resurgence in private equity activity, with firms eyeing promising tech ventures like Squarespace. #Squarespace #Permira #TechInvestment 💻

Franksmith

Exciting partnership alert! 🚀 Airtel, India’s 2nd largest telecom operator, joins forces with Google Cloud for a groundbreaking venture into cloud and AI solutions. Leveraging Airtel’s vast customer base, including 2,000 enterprises and a million emerging businesses, they’ll offer innovative AI products. From geospatial analytics to voice analytics and marketing tech, businesses can expect cutting-edge solutions. With tech giants eyeing telecom, this collaboration marks a significant move towards cloud and AI adoption in India. #Airtel #GoogleCloud #AI #TechInnovation 🌐

NYSE President ‘Incredibly Optimistic’ About More IPOs In 2024: Over $13.7B Raised So Far

The U.S. initial public offerings (IPO) market is experiencing a significant surge with an increasing number of companies choosing to go public, as stated by New York Stock Exchange President, Lynn Martin. What Happened: During an interview, Martin expressed her opinions in the IPO market’s surge in recent times. The NYSE Group Inc. has seen around 25 IPOs of operating companies on the NYSE this year, she revealed, Bloomberg reported on Monday. “I’m incredibly optimistic given the amount of proceeds that have been raised so far in the markets,” she said. Following a slump in 2023 due to high interest rates and recession fears, the IPO market has bounced back. Two major deals, Reddit Inc. (NYSE:RDDT) and Galderma Group AG, collectively raised approximately $3 billion in March. The total funds raised in U.S. debuts in 2024 through late last month have exceeded $13.7 billion, tripling the amount from the same period last year. See Also: The Disparate Treatment Of Trump’s Fake Electors …Full story available on Benzinga.com