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.