Angie's List Inc Exploring A Potential Sale, Shares Up 20%

Angie's List Inc ANGI is getting a pop Wednesday morning on reports that the company has hired investment bankers to explore strategic options, which would include a sale of the company, according to the Financial Times.

Although unconfirmed, the Financial Times goes on to say that Angie's List executives have initiated talks with prospective buyers. The company, which became public at $13 per share in 2011, has yet to show a profit.

Shares of Angie's List were up more than 20 percent at $7.66 in pre-market trading.