Qualtrics to go public, valued at over $12 billion

Monday, 28. December 2020 22:34

Cloud software vendor Qualtrics said on Monday that it will go public and that it has already filed its paperwork with the United States Securities and Exchange Commission. The initial pricing range will hover between $20 and $24 a share and will, therefore, value Qualtrics at between $12 billion and $14.4 billion. SAP, which acquired the company two years ago, paid $8 billion.

Qualtrics said in the filing that private equity firm Silver Lake is buying a little more than 4% of the stock for $550 million, while its co-founder Ryan Smith is buying 1% for $120 million. Silver Lake's Egon Durban is joining the board, together with Zoom CFO Kelly Steckelberg.

The company will trade on the Nasdaq under the ticker "XM."

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