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July 9, 2021, 2:54 PM UTC
At the USPS sorting center in Louisville, January 2017.
Luke Sharrett—Bloomberg/Getty Images

Shares of skyrocketed Friday after the company announced private equity firm Thoma Bravo planned to take it private in a $6 billion deal.

Shareholders will receive $330 per share as part of the deal. Investors hopped on board, driving the stock up $125 per share to $322.58 as of 10:15 a.m. ET.

The deal is set to close in the third quarter, but has a 40-day window allowing it to consider other offers.

“With the financial and operational support of Thoma Bravo, can continue to innovate and pursue growth opportunities to capture the expanding e-commerce shipping market and extend our position as the leading global multi-carrier e-commerce shipping software company,” said Ken McBride,’s chairman and CEO.

Thoma Bravo has over $78 billion in assets under management. It has acquired more than 300 firms in the past 20 years, and its portfolio includes J.D. Power, McAfee, and network monitoring provider SolarWinds.

The leap in share prices is a turnaround for, which saw its stock plunge 50% in early 2019 after it pulled out of an exclusive deal with the U.S. Postal Service. Shares, at one point, fell as low as $33. has nearly 723,000 monthly subscribers, mostly small businesses, enabling them to print postage labels from their workplaces.

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