Coupa Software (NASDAQ:COUP) shares are trading higher after Bloomberg, citing people familiar with the matter, reported Vista Equity Partners is said to explore a deal to acquire the software company.
The stock was halted on a circuit breaker before continuing to rise, gaining over 30%.
Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide.
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At publication time, shares of Coupa Software were trading 31% higher at $59.50, according to data from Benzinga Pro.
