[nemo44x]

How do you know they didn’t try? Mulesoft doesn’t have to agree to terms of an offer.

It’s not like Salesforce could have even bought a large percentage of the shares when they went on offer. You don’t make 100% of the company available.

Sometimes companies ipo to prove to buyers that they believe their market value is higher than potential buyers think. I can’t speak for Mulesoft but their stock has been mainly excellent and their transition to a public company has been fantastic.

Mulesoft brought a great company to market and Salesforce was willing to pay a 23% premium. Mulesoft thought that was fair - today.