Qualtrics jumps 40% in debut, valuing cloud software vendor at $25 billion

▤ Summary

Cloud software vendor Qualtrics soared in its Nasdaq debut Thursday after the company priced its IPO above the expected range. Founded in 2002, Qualtrics sells software that helps businesses gauge how customers use their products so they can improve their offerings. Qualtrics originally planned to go public about two years ago, but instead was acquired by SAP for $8 billion. At the time, it was SAPs second-biggest acquisition ever, following the $8.3 billion purchase of travel and expense software company Concur in 2014. "We were on our roadshow in 2018 and we showed metrics and slides as they took notes," said Ryan Smith, co-founder and chairman of Qualtrics, in an interview on Thursday.

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Qualtrics

$1B+