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Qualtrics surged in public debut

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Miguel A. Rodriguez
Miguel A. Rodriguez
01 February 2021
On its Nasdaq debut, Qualtrics closed 52% higher

Qualtrics made its second debut on the public market yesterday on the Nasdaq exchange. Under the ticker XM, Qualtrics opened higher than the previously touted $30 per share at $41.85.

Founded in 2002, Qualtrics. Currently has around 13,000 clients. Its software allows businesses to improve their products based on how customers are using them. The company’s sales rose 30% in the first three quarters of 2020, reaching $550 million, higher than what it reported during the same time in 2019 - $413.4 million.

Qualtrics closed the trading session 52% higher than its initial public offering price, and its market valuation reached $27.3 billion.

Read more about Qualtrics IPO here!

Source: marketwatch.com

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Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.