Cvent Holding Corp. (NasdaqGM:CVT) 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 January 31, 2023. The firm has attracted interest from private equity firms including Blackstone Inc. (NYSE:BX), the source added.

Shares in the company closed nearly 23% higher on January 31, 2023 after the potential sale was reported in the media. Stock was up roughly 1% in aftermarket trading. Cvent did not immediately respond to a Reuters request for comment on the report, while Blackstone declined to comment.