(Reuters) – Pushpay Holdings Ltd shares surged after the New Zealand-based payments company confirmed it was in talks to acquire other companies.

Pushpay claimed that multiple people approached it last month in order to buy the platform. But, there was no agreement to make a transaction.

Pushpay shares, listed in Australia and New Zealand, had been on a trading stop earlier in the day while the company considered the potential implications of an agreement between BGH Capital, an Australian private equity firm, and Sixth Street Partners, a U.S-based investment manager.

These two companies, who collectively hold a 20.343% share in Pushpay will collaborate to purchase Pushpay’s shares.

It stated that it did not enter into any agreement with any parties, such as Sixth Street or BGH Capital, in order to facilitate a transaction.

According to the company, it is currently in discussions with several parties in an early stage “to examine the possibility of a transaction that would be in the best interest of all shareholders.”

Pushpay shares listed in New Zealand jumped almost 21% while Australian shares surged around 17%

As of Tuesday, the company’s market value was NZ$1.41 trillion ($907.19million).

($1 = 1.5542 New Zealand dollar)