Qualtrics Starts Process For $200 Million IPO [Seeking Alpha]
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Source: Seeking Alpha
Summary Quick Take Qualtrics ( XM ) intends to raise gross proceeds of $200 million from a U.S. IPO, according to an S-1 registration statement . The firm provides experience management software solutions. XM is growing rapidly and was profitable in 2017, so the firm’s IPO prospects are strong if the overall stock market can reduce its recent volatility. I’ll provide an update when we learn more details about the IPO from management. Company & Technology Provo, Utah and Seattle, Washington-based Qualtrics was founded in 2002 to develop software that empowers organizations with the data they need to keep their customers satisfied through various stages of the customer journey. Management is headed by Co-Founder, Director and CEO Ryan Smith , who previously served in Brand Management at Ford Motor Company. Qualtrics has developed its Experience Management, or XM, platform which it says enables organizations to: Gather and analyze a new cl
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