Crayon Shares Surge as Norwegian IT Firm Is Said to Explore Sale

Crayon Group Holding ASA shares jumped as much as 10% after people familiar with the matter said the Norwegian IT consultancy is exploring options including a sale amid a pickup in European tech deals.

The company’s shares rose to 124.90 kroner in early Monday trading — the biggest intraday jump since May. The stock was up 5.3% at 9:52 a.m. in Oslo, giving the company a market value of about 10.7 billion kroner ($1 billion).

Crayon is working with an adviser as it studies potential transactions, Bloomberg News reported after market close on June 16. Considerations are early stage and ...