What's new

Welcome to Metatrader MT4 and MT5 Gpl Authority

Join us now to get access to all our Codebase MT4 and MT5 Free Paid Download. MetaTrader is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets.

Add Codebase

Add Codebase to Our Community

Answer

Answer Questions and Become an Expert on Your Topic

Contact Staff

Our Experts are Ready to Answer your Questions

Qualtrics Files To Spin Out of SAP in Initial Public Offering

N

News Feed

Moderator
Staff member
Joined
Aug 4, 2020
Messages
11,189
Reaction score
0
Points
0


Image source: Qualtrics

(Reuters) - Survey-software seller Qualtrics International Inc, owned by business software group SAP, filed for a U.S. initial public offering of up to $100 million on Monday, with tech stocks largely outperforming the broader market this year.

Qualtrics, which SAP bought for $8 billion two years ago, will have two classes of common stock upon completion of the offering, with SAP America Inc set to own all 423.2 million Class B shares and remain the controlling shareholder, according to a regulatory filing.

The company also said it had applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol “XM” and expects the IPO price to be between $20 and $24 apiece.

Total revenue of Qualtrics, which gathers real-time feedback from customers to help analyze how a firm’s products or services are performing, rose about 32% to $550 million in the nine months ended Sept. 30.

Net loss also narrowed to $258 million during the period from $860.4 million a year earlier, as existing customers bought upgrades and as Qualtrics acquired new customers.

Morgan Stanley and J.P. Morgan are the lead underwriters for the offering.

Reporting by Praveen Paramasivam in Bengaluru; Editing by Krishna Chandra Eluri.

_____

Source:
You do not have permission to view link Log in or register now.
 
shape1
shape2
shape3
shape4
shape7
shape8
Top