HashiCorp IPO
HashiCorp was a cloud infrastructure software company that provided tools for provisioning, securing, and managing cloud infrastructure and applications. The company was known for popular open-source tools like Terraform, Vault, and Consul, which became industry standards for infrastructure automation. HashiCorp was acquired by IBM in 2024 for $6.4 billion after being a public company since 2021.
What We Know
HashiCorp was acquired by IBM in April 2024 for approximately $6.4 billion, or $35 per share in cash. The acquisition came after HashiCorp had been a public company since December 2021, when it completed its IPO on the NASDAQ under the ticker HCP. The company had priced its IPO at $80 per share and was initially valued at over $15 billion. IBM's acquisition of HashiCorp was part of its strategy to strengthen its hybrid cloud and AI capabilities, particularly around infrastructure automation and security. HashiCorp's tools like Terraform and Vault are widely used in enterprise cloud deployments, making the company an attractive target for IBM's cloud strategy. The acquisition ended HashiCorp's run as an independent public company after about two and a half years on the public markets.
Frequently Asked Questions
Has HashiCorp had an IPO?
Yes, HashiCorp had an IPO in December 2021 and traded publicly on NASDAQ under ticker HCP. However, the company was acquired by IBM in April 2024 for $6.4 billion.
When is the HashiCorp IPO date?
HashiCorp's IPO already occurred on December 9, 2021. The company is no longer independently public as it was acquired by IBM in April 2024.
How can I buy HashiCorp stock?
You cannot buy HashiCorp stock directly since it was acquired by IBM in 2024. However, you can buy shares of IBM (NYSE: IBM), which now owns HashiCorp and its infrastructure automation technologies.
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