Confluent Stock Price Caps at $31 as IBM Closes $11 Billion Buyout and CFLT Trading Ends
Confluent Inc wrapped up its public-market stint at $31 per share, the figure set after IBM finalized its $11 billion acquisition ahead of the opening bell on March 17. Nasdaq reported CFLT trading was halted following after-hours moves on March 16, with suspension kicking in on March 18. Final market prints landed at $30.99, just shy of the $31.00 mark hit earlier. The merger spread has disappeared; there's no gap left between Confluent's trading price and IBM's cash offer. With that, earlier holders are just holding out for their payout, not eyeing any fresh stock action. IBM, meanwhile, is set to tuck Confluent’s data-streaming software—tech that handles real-time data—into its AI and hybrid-cloud services.