Cloud software company HashiCorp exploring potential sale, Bloomberg News reports (updated)

Hashicorp

15/03/2024 22:13

(Adds details in paragraphs 2 to 6)
       March 15 (Reuters) - Cloud software vendor HashiCorp
 HCP.O  is exploring options, including a sale, Bloomberg News
reported on Friday citing people familiar with the matter.
    Shares of the San Francisco, California-based company rose
more than 12% in extended trading. 
    HashiCorp has been working with a financial adviser in
recent months and has held exploratory talks with other industry
players, the report said.
    Talks are ongoing and there is no certainty it will result
in any deal, the report added.
    The company has a market capitalization of $5.28 billion, as
of last close.     
    HashiCorp did not immediately respond to a Reuters request
for comment.  
    

 (Reporting by Harshita Mary Varghese; Editing by Krishna
Chandra Eluri)
 ((HarshitaMary.Varghese@thomsonreuters.com;))