Tag Archives: initial public offering

Leonardo DRS Files to Go Public

The U.S. subsidiary of Italy-based aerospace and defense conglomerate Leonardo has filed with the Securities and Exchange Commission a registration statement for its planned initial public offering. Leonardo DRS plans to list a minority stake of its common shares on the New York Stock Exchange using the ticker symbol “DRS” …

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Michael Dell’s MSD Acquisition SPAC to Go Public to Raise $575M

Michael Dell, chairman and CEO of Dell Technologies (NYSE: DELL), has formed a special purpose acquisition company – MSD Acquisition Corp. – that plans to raise $575 million in funds through an initial public offering, CRN reported Monday. MSD Acquisition intends to offer 50 million investment units at $10 apiece …

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Leonardo Eyes IPO for US-Based DRS Subsidiary

Italy-based aerospace and defense conglomerate Leonardo is considering listing its U.S. subsidiary on the New York Stock Exchange through an initial public offering to potentially raise $2.54 billion, Reuters reported Saturday. According to newspaper Il Messaggero, the possible listing of Arlington, Virginia-based Leonardo DRS is intended to support the parent …

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Report: Starboard Value Acquisition Corp. in Talks With Cyxtera Over $3.4B Merger Deal

Starboard Value Acquisition Corp. (Nasdaq: SVAC) is negotiating a $3.4 billion deal, including debt, to merge with data center company Cyxtera Technologies, The Wall Street Journal reported Sunday. WSJ cited sources that say the merger deal could be finalized by Monday and BC Partners and Medina Capital – private equity …

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Qualtrics Stock Jumps 38% in Public Market Debut

Qualtrics International (Nasdaq: XM), an experience management software developer that has spun out of SAP (NYSE: SAP), opened trading Thursday at a price of $41.85 per share, with a valuation of approximately $24.5 billion, The Wall Street Journal reported. The opening price represented an increase of nearly 40 percent over …

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SAP’s Qualtrics Subsidiary Raises IPO Target

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 …

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Software Maker Qualtrics Looks to Raise $1.28B in IPO

Qualtrics International, an experience management software vendor spinning out of SAP (NYSE: SAP), has increased the suggested price range for its initial public offering from between $20 and $24 to between $22 to $26 per share, with the goal of raising $1.28 billion, Bloomberg reported Tuesday. The report said Qualtrics …

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Qualtrics Expects Valuation of $14B From IPO

Qualtrics

Qualtrics, an experience management platform developer acquired by SAP (NYSE: SAP) in 2018, filed with the Securities and Exchange Commission for its planned initial public offering and will trade on Nasdaq using the ticker symbol “XM,” CNBC reported Monday. Qualtrics said in its SEC filing it will sell shares at $20 to $24 apiece through the IPO, which is expected to occur by January and would value the cloud software company at approximately $12B to $14.4B.

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AI Tech Firm C3.ai Raises $651M on First NYSE Trading Day

C3.ai

Artificial intelligence software developer C3.ai (NYSE: AI) netted $651M from an initial public offering Wednesday and its shares rose 120.2 percent by the end of first trading day, Investor’s Business Daily reported Thursday.

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Software Provider C3.ai Files to Go Public, Sets IPO Price Range

C3.ai

Enterprise artificial intelligence software developer C3.ai has made its official filing for an initial public offering and is poised to trade soon on the New York Stock Exchange under the symbol "AI." The Redwood City, California-based company said Monday it plans to sell 15.5M shares of Class A common stock for the IPO with a $31 to $34 price range.

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