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HashiCorp (NASDAQ:HCP) rose 12% in after-hours trading Friday after a report that the cloud software company is weighing its options, including a sale.
The company has been working with a financial advisor to gauge interest in recent months possible bidders, according to a Bloomberg report last Friday, which cited people familiar with the matter. HashiCorp (Healthcare worker) has already had exploratory talks with other operators in the sector.
Negotiations are ongoing and there is no certainty that an agreement will be reached. San Francisco-based HashiCorp has a market capitalization of $5.3 billion.