Appfolio, Inc. shares rise 2.89% premarket after Piper Sandler Companies announced acquisition of G Squared Capital Partners.

Appfolio, Inc. rose 2.89% in premarket trading. Piper Sandler Companies, a leading investment bank, announced the acquisition of G Squared Capital Partners, a boutique investment bank specializing in government services and defense technology. This acquisition enhances Piper Sandler's capabilities in these sectors, which could positively impact Appfolio, Inc. as it may benefit from the expanded services and expertise of the combined entity.