Shares of Soho House & Co Inc (SHCO) soared 10.47% in Sunday's trading session, following reports of a potential deal to take the company private. The surge comes as investors react to news that MCR Hotels is leading a group of investors in negotiations to acquire Soho House for approximately $9 per share, valuing the company at around $1.8 billion.

According to sources cited by The Wall Street Journal, the deal is nearing completion, though it's important to note that the terms could still change or the transaction could fall through. The reported offer price represents a significant premium to Soho House's recent trading levels, which explains the enthusiastic market response.

Soho House, known for its exclusive members-only clubs and hotels, has faced challenges in the public markets since its IPO. This potential privatization deal could provide the company with more flexibility to pursue its long-term growth strategies away from the scrutiny of public shareholders. For investors, the surge in stock price offers a welcome opportunity, especially given the stock's performance since going public.