Lightspeed Commerce rises after Reuters report on exploring options, including sale

Lightspeed Commerce

25/09/2024 20:00

** U.S.-listed shares of cloud commerce solution provider
Lightspeed Commerce  LSPD.TO  rise 13% to $15.7
    ** Reuters exclusively reports that Lightspeed is working
with a financial advisor to explore options, including a
potential sale, according to people familiar with the matter
    ** Company has tapped investment bankers at JPMorgan Chase
to evaluate options and solicit interest from potential buyers,
including private equity firms
    ** Talks are at an early stage and a deal is not guaranteed,
the report said citing sources
    ** Investors raised concerns over LSPD's plan to prioritize
growth over profitability following disappointing results in
February
    ** LSPD has fallen 33.4% YTD

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))