Survey-software group Qualtrics International, owned by Germany’s SAP, on Dec. 28 filed for a U.S. initial public offering.
SAP agreed to buy the company for $8 billion in 2018. After the float, Qualtrics will have two classes of shares. The German parent will own all of the Class B shares, which carry 10 times the voting weight of Class A shares. The company’s initial pricing range of $20 to $24 per share implies an equity valuation of between $12 billion and $14.4 billion assuming 600 million shares outstanding after the offering.The logo of software company SAP is seen in Davos, Switzerland Januar 22, 2020.
LiamWardProud Great chart/analysis here … cc ReutersFlasseur
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