Qualtrics files for U.S. IPO
The firm will trade on the Nasdaq under the ticker “XM”
Stocks impacted: Qualtrics International INC (XM)
The cloud software vendor, owned by business software group SAP, filed for a U.S. initial public offering of up to $100 million. As a reminder, SAP bought Qualtrics for $8 billion two years ago, just days before it was slated to go public. Earlier this year, SAP said it intended to spin out Qualtrics into a public company. After the public offering, it would continue to own 80% of the company. The company said it had applied to list its Class A common stock on the Nasdaq Global Select Market. Qualtrics will trade on the Nasdaq under the ticker “XM” and expects the IPO price to be between $20 and $24 apiece. Qualtrics has about 3,370 full-time employees, up from 1,866 before selling to SAP.
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