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Turns out, it pays to offer to software on customer insights and digital customer experience. As for Qualtrics, the IPO was expected. SAP, which acquired Qualtrics in 2018 for $8 billion, announced Qualtrics would go public back in July. Qualtrics had initially planned to offer shares between $20 and $24 but closed on Thursday, Jan. 28, at $45.50. It raised $1.55 billion. "In today’s hyper-connected world where all it takes to switch jobs or service providers is a few simple clicks, the experiences companies provide will determine whether they succeed or fail," said Ryan Smith, Qualtric...

Qualtrics valued at $15bn having raised $1.55bn in IPO The software company’s long-awaited IPO brings its value to nearly double what SAP paid for it two years ago. Last July, German software giant SAP announced its plans to bring Qualtrics public. In its IPO today (28 January), Qualtrics sold 51.7m shares at $30 each, raising $1.55bn, according to Reuters. This puts the company’s value at more than $15bn, which is nearly double what SAP paid when it acquired the software company in 2018. It had earlier aimed to sell 50.4m shares, after raising the offering from 49.2m shares. The $30 pric...

A number of announcements graced the home page this week, including some Microsoft departures, new builds, and a surprising game announcement from MachineGames. Catch up via our handy overview.

Microsoft corporate vice president, Brad Anderson, will leave Microsoft after more than 17 years. Anderson is currently the corporate vice president of Microsoft Commercial Management Experiences. Anderson will join Qualtrics as its president of Products & Services. Brad Anderson, Microsoft corporate vice president of Commercial Management Experiences, is leaving Microsoft after almost 18 years. Anderson announced the move on LinkedIn on January 11, 2021. Anderson will join Qualtrics as president of Products & Services. Anderson is a higher-level executive working on Windows management and se...

Dreamstime Qualtrics filed paperwork with the Securities and Exchange Commission Monday, indicating its intention to go public at nearly twice the price SAP paid for the company just two years ago. The decision to go public comes amid a frothy year for initial public offerings. IPOs for household names such as DoorDash (ticker: DASH) and Airbnb (ABNB) notched huge first-day gains, and, despite the Covid-19 pandemic, 2020 is set to be the biggest year for IPOs since 2014. In going public, Qualtrics is hoping to benefit from some of the excitement. The IPO m...