Author: Brenda Marie Rivers|| Date Published: January 26, 2021
An updated Securities and Exchange Commission filing by Qualtrics International, which is close to spinning off from its parent organization SAP (NYSE: SAP), says the survey software vendor now aims to raise $1.46 billion in its initial public offering through the sale of 50.4 million shares at $27 to $29 each, Bloomberg reported Monday.
Bloomberg estimates the new IPO target will give Qualtrics a potential $14.6 billion market cap.
The software provider, which previously wanted to sell 49.2 million shares at a price range of between $22 and $26, will use IPO proceeds to pay down $1.76 billion in debt to SAP’s American segment, the report added.
Qualtrics could begin trading Thursday on Nasdaq under the “XM” ticker symbol.
Aerospace and defense technology company Merlin has closed its business combination with Inflection Point Acquisition Corp. IV, a special purpose acquisition company…
Raytheon, an RTX business, has received a potential $212.1 million cost-plus-fixed-fee contract to provide operations and maintenance services for a relocatable over-the-horizon…
Jim Kelly, senior systems engineering manager at HPE Juniper Networking, said agentic artificial intelligence could help government agencies move toward…
AeroVironment has acquired Empirical Systems Aerospace, or ESAero, a producer of unmanned aircraft systems and advanced air mobility platforms, or AAM,…
