Wall Street always likes it when markets have a good January, and major market benchmarks sealed the deal on Tuesday with solid gains to end the month. The Nasdaq Composite (NASDAQINDEX: ^IXIC) was up double-digit percentages for the month, with the S&P 500 (SNPINDEX: ^GSPC) seeing a 6% rise and the Dow Jones Industrial Average (DJINDICES: ^DJI) bringing up the rear with gains of roughly 3% in January. Two that were particularly interesting were C3.ai (NYSE: AI) and Cvent Holding (NASDAQ: CVT), both of which had seen substantial declines over the past year before today's news gave them big lifts.
Cvent Holding Corp is exploring a sale that could value the cloud-based event-software provider at about $4 billion, a person familiar with the matter told Reuters on Tuesday. The firm has attracted interest from private equity firms including Blackstone Inc, the source added. Cvent did not immediately respond to a Reuters request for comment on the report, while Blackstone declined to comment.
HELSINKI & TYSONS, Va., January 17, 2023--Cvent (Nasdaq: CVT) & MeetingPackage announce partnership to enable Cvent customers to instantly book small meetings with MeetingPackage hotels.