IPO Report

SAP spinoff Qualtrics prices IPO at $30 a share: reports

Published: Jan. 27, 2021 at 8:27 p.m. ET

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Jon Swartz

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Qualtrics International Inc. co-founder Ryan Smith.
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SAP

-0.38%

XM

Qualtrics International Inc., the enterprise-software company owned by SAP SAP, -0.38%, will reportedly price its initial public offering at $30 a share, above its targeted range.

The company, scheduled to debut Thursday under the XM, ticker, plans to sell 50.4 million shares. The expected range had been $27 to $29 each, itself an increase from the original range of $20 to $24, according to reports late Wednesday by Bloomberg and Reuters, citing unnamed people familiar with the IPO.

Read: 5 things to know as Qualtrics prepares for its IPO this week

At $30 a share, Qualtrics XM, would have a market value of roughly $15 billion.

The company was not immediately available for comment.

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Jon Swartz

Jon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter @jswartz.