New York, Jan 6, 2026, 11:02 (EST) — Regular session
- OneStream shares rose more than 20% after a report said buyout firm Hg Capital is in advanced talks to acquire the company.
- The move revives take-private speculation less than two years after OneStream’s IPO.
- Investors are watching for confirmation and terms, with earnings expected in February.
Shares of OneStream Inc (OS) jumped on Tuesday after Bloomberg News reported buyout firm Hg Capital is in advanced talks to acquire the Nasdaq-listed financial software maker, citing people familiar with the matter. The stock was up about 21% at $22.32 in morning trade, compared with Monday’s close of $18.39, after earlier touching $24.00. Hg and OneStream did not immediately respond to a Reuters request for comment; the company’s market value stands at about $4.5 billion and its shares have fallen about 35% over the past year. Reuters
A take-private deal — where a buyer buys out public shareholders and delists the company — would mark a swift turn for OneStream, which went public in July 2024 at $20 a share, a filing showed. Such deals can appeal when public-market valuations lag what buyers think the underlying business can deliver. SEC
Reuters reported in November that OneStream was working with JPMorgan on strategic options, including a possible sale, and that private equity firms such as Blackstone and Hg were among those studying potential bids. OneStream sells corporate performance management software and competes with larger players including Oracle, SAP and Workday, Reuters said. Reuters
Bloomberg said a deal could be announced as soon as the coming days, though timing could change and the talks could still end without an agreement. No financial terms were disclosed in the report. Bloomberg
But takeover talks often break down over price, financing or due diligence, and a lack of confirmation can leave shares exposed to a fast reversal if momentum fades. Any bidder would also need to navigate shareholder expectations after Tuesday’s sharp move.
