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.
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.