Qualtrics surged in public debut

Qualtrics surged in public debut

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

The information presented herein is prepared by ae.capex.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.