Dec. 12 at 2:43 PM
$CFLT with price trading around
$30/share the market is basically giving a ~97% chance that the IBM deal gets pushed through by Confluent shareholders and all shares outstanding are bought at
$31/share. I personally think Confluent's tech, current subscriptions, and growth opportunity should be selling for a couple bill more on the open market via acquisition but we'll see how the chips fall. At this point, it seems like the deal is about finalized with the street thinking so too. I've been holding on to my shares while I look for a similar player in this space to transition funds to but in the meantime, I'm holding.
