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HashiCorp (NASDAQ:HCP) rose 12% in after-hours trading on Friday after a report that the cloud software company is evaluating its options, including a sale.
The company has been working with a financial adviser in recent months to gauge interest from possible bidders, according to a Bloomberg report late Friday, which cited people familiar with the matter. HashiCorp (HCP) has already had exploratory conversations with other industry players.
Talks are ongoing and there’s no certainty that a deal will be reached. San Francisco-based HashiCorp has a market cap of $5.3 billion.