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Jan. 28, 2021, 1:59 p.m. EST

Qualtrics stock soars out of the gate, and is valued at more than $21 billion

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By Tomi Kilgore

Shares of Utah-based Qualtrics International Inc. /zigman2/quotes/224172508/composite XM +0.65% soared in their public debut, as the stock, finally, opened 39.5% above its initial public offering price. The SAP-owned /zigman2/quotes/207905606/composite SAP +1.91% /zigman2/quotes/202053813/delayed XE:SAP +1.95% enterprise-software company's stock's first trade on the Nasdaq exchange was at $41.85 at 1:55 p.m. Eastern for about 4.6 million shares. The IPO priced late Wednesday at $30, above the expected range of between $27 and $29 a share, as the company raised $1.55 billion. At the stock's opening price, Qualtrics's market capitalization was $21.07 billion. The stock has edged higher since it's open, to trade up 40.0% at $42.00. Qualtrics went public at a time of relatively strong investor demand for IPOs, as the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +1.61% has run up 31.8% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.08% has gained 17.0%.

/zigman2/quotes/224172508/composite
US : U.S.: Nasdaq
$ 45.23
+0.29 +0.65%
Volume: 717,266
Sept. 21, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$23.13 billion
Rev. per Employee
$220,990
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/zigman2/quotes/207905606/composite
US : U.S.: NYSE
$ 141.83
+2.66 +1.91%
Volume: 668,017
Sept. 21, 2021 4:00p
P/E Ratio
23.98
Dividend Yield
2.03%
Market Cap
$164.53 billion
Rev. per Employee
$304,253
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/zigman2/quotes/202053813/delayed
XE : Germany: Xetra
121.28
+2.32 +1.95%
Volume: 1.85M
Sept. 21, 2021 6:30p
P/E Ratio
24.43
Dividend Yield
1.53%
Market Cap
€140.33 billion
Rev. per Employee
€266,894
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 68.29
+1.08 +1.61%
Volume: 250,483
Sept. 21, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,354.19
-3.54 -0.08%
Volume: 1.91B
Sept. 21, 2021 5:12p
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