SAP CEO: Qualtrics IPO is massively oversubscribed

The initial public offering (IPO) of Qualtrics is “massively oversubscribed,” SAP CEO Christian Klein told CNBC on Wednesday.

Klein went on to say that SAP’s $8 billion acquisition of Qualtrics, which makes software that tracks customer and employee sentiment, was a “massive success”and that the company’s revenue doubled after SAP bought it. He pointed out that even after the IPO, SAP intends to remain a majority shareholder of Qualtrics.

According to a regulatory filing, SAP is looking to raise $1.46 billion in the IPO by selling 50.4 million shares. Qualtrics’ share price range has been set at $27 to $29.



Breaking the News / VP



Source link

About the author: admin Academy

admin

Alcuni articoli sono qui aggregati per darti un'informazione continua e costante, pertanto, sotto ognuno di essi troverai la fonte: entra nel sito di riferimento per avere ulteriori news ed informazioni sull'economia mondiale, ti sarà utile. Ti aspetto nell'Academy!

Get involved!

Fai trading in gruppo!
L'unica Academy di trading completamente gratuita per gli utenti FpMarkets

Comments

Ancora nessun commento