It was said on Friday that cloud software vendor HashiCorp has created a new tab and is weighing its options, which might include a sale.
Cloud software provider HashiCorp (HCP.O) has opened a new tab and is considering its options, which may include a sale, according to a source on Friday, which quoted people familiar with the situation.
In extended trading, the San Francisco, California-based company’s shares increased by over 12%.
According to the article, HashiCorp has been consulting with financial counsel and has had exploratory discussions with other industry participants.
As of the most recent closure, the company’s market capitalization was $5.28 billion.
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