Squarespace is a website-design software company that helps enterprises digitize their operations and enhance branding, catering to the growing demand for online business growth.

Global investment firm Permira will offer $46.50 per share in cash to acquire and take Squarespace private for $7.2B. Squarespace has only lost 6.4% in stock price since listing in 2021. Why is this company being targeted by a buyout firm? Compared to other public companies that have shed more value since their IPOs, it makes no sense.

Reuters: Permira raises takeover offer for Squarespace to $7.2 bln