Why did Wix's stock surge pre-market?

Wix.com stock surged over 10% premarket after reporting Q4 bookings growth of 15% and revenue growth of 14% to $524.3 million. While revenue slightly missed estimates, adjusted EPS of $1.81 beat expectations. The company also announced a $250 million private placement led by Durable Capital Partners, highlighting strong momentum in its subscription and business solutions segments.

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