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- Workiva (NYSE:WK) soared more than 17% on Wednesday after reports indicated that private equity firms Thoma Bravo and TPG were eyeing an acquisition of the Iowa-based software-as-a-service company.
- Workiva (WK) shares were initially halted for volatility, but resumed trading shortly after the halt.
- Neither Workiva (WK) nor Thoma Bravo or TPG immediately responded to a request for comment from Seeking Alpha.
- Workiva (WK) produces software in the regulatory, financial and environmental, social and governance areas.
- In August, Workiva (WK) reported second-quarter results that beat estimates, buoyed by a high revenue retention rate and an increase in large contract customers.