The exchange is taking a break from the holidays to explore the new Qualtrics S-1 archive. Then the column and newsletter will be on hold again until January 4th.
This afternoon, Qualtrics, a software company that helps companies survey their base of employees, customers, and others on the stock exchange. It's the second time the Utah-based unicorn has done so, failing for the first time to complete its offer after SAP stepped in and bought it for around $ 8 billion in cash.
The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.SAP announced in late July this year that Qualtrics would be launched via an IPO, closing the circle of the smaller company saga.
The new S-1 filing cabinet - you can see the 2018 original here - is a different animal than the first. First, Qualtrics is bigger than before and older. And its financials are more complex as it detaches itself from its future parent company.
Qualtrics intends to list on the Nasdaq under the "XM" symbol.
Looking back on my chat with Ryan Smith, then CEO of Qualtrics and now its president, and Bill McDermott, then CEO of SAP and now CEO of ServiceNow, it's hard to believe that the acquisition deal only happened two years ago.
A lot has changed since late 2018. Let's see what happened to Qualtrics in the meantime. We'll dig into the financials, the company's implicit valuation range - spoiler: it has increased - and anything else we can get rid of.
The new Qualtrics S-1
Some things at the top. First, SAP will be the company's controlling shareholder after Qualtrics' IPO. This is at the beginning of the S-1 deposit. And Smith and Silver Lake are investing in the company as part of its new debut.
Source link
