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Jan. 27, 2021, 8:27 p.m. EST

SAP spinoff Qualtrics prices IPO at $30 a share: reports

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By Jon Swartz

Qualtrics International Inc., the enterprise-software company owned by SAP /zigman2/quotes/207905606/composite SAP -0.27% , will reportedly price its initial public offering at $30 a share, above its targeted range.

The company, scheduled to debut Thursday under the /zigman2/quotes/224172508/composite XM -4.76% ticker, plans to sell 50.4 million shares. The expected range had been $27 to $29 each, itself an increase from the original range of $20 to $24, according to reports late Wednesday by Bloomberg and Reuters, citing unnamed people familiar with the IPO.

Read: 5 things to know as Qualtrics prepares for its IPO this week

At $30 a share, Qualtrics /zigman2/quotes/224172508/composite XM -4.76% would have a market value of roughly $15 billion.

The company was not immediately available for comment.

/zigman2/quotes/207905606/composite
US : U.S.: NYSE
$ 123.35
-0.34 -0.27%
Volume: 727,763
Feb. 26, 2021 4:00p
P/E Ratio
24.53
Dividend Yield
1.01%
Market Cap
$146.13 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/224172508/composite
US : U.S.: Nasdaq
$ 38.00
-1.90 -4.76%
Volume: 1.64M
Feb. 26, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$19.13 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/224172508/composite
US : U.S.: Nasdaq
$ 38.00
-1.90 -4.76%
Volume: 1.64M
Feb. 26, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$19.13 billion
Rev. per Employee
N/A
loading...

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