Braze Shares Rise 51.7% Tuesday as Most Software Names Advance

Braze shares closed 51.7% higher at $45.57 Tuesday after Salesforce agreed to acquire the marketing software company, while most software names also posted gains. Braze had closed at $30.04 on Oct. 19. The agreement values the company at approximately $5.66 billion in enterprise value and offers $47.50 in cash for each Class A share. More details are in TokenPost’s earlier coverage of the acquisition . The transaction still requires approval from Braze shareholders and regulators. Salesforce and Braze expect the deal to close during Salesforce’s fiscal 2028. Enna Lee reports on investing and digital-asset markets for TokenPost.

Source: TokenPost