Software seller Qualtrics International, owned by German software giant SAP, filed for what could be one of the first U.S. initial public offerings of 2021, offering up to $100 million. Qualtrics, which SAP acquired for $8 billion two years ago and makes customer-survey software, said in a filing Monday it plans to sell an undetermined number of shares for $20 to $24 each. 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. 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. (With inputs from agencies)Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Source: Mint December 29, 2020 06:11 UTC