Qualtrics International (XM) is planning to raise $400 million in an initial public offering on Thursday, November 15th, IPO Scoop reports. The company will issue 20,500,000 shares at $18.00-$21.00 per share.

In the last twelve months, Qualtrics International generated $372.4 million in revenue and $3.1 million in net income. The company has a market-cap of $4.2 billion.

Morgan Stanley and Goldman Sachs served as the underwriters for the IPO and Barclays, RBC Capital Markets, Jefferies, Deutsche Bank Securities, BMO Capital Markets, KeyBanc Capital Markets, Raymond James, Canaccord Genuity, Baird and BTIG were co-managers.

Qualtrics International provided the following description of their company for its IPO: ”  Qualtrics has pioneered a new category of software that enables organizations to succeed in today’s experience economy. Our mission is to help organizations deliver the experiences that turn their customers into fanatics, employees into ambassadors, brands into religions, and products into obsessions.Today, organizations thrive or fail based on the experiences they deliver. In a world of abundant choice, experiences differentiate brands and products, and foster customer and employee loyalty. Great experiences drive customer loyalty, upsell and expansion, employee engagement, brand quality, improved retention and referral, and ultimately, greater shareholder value. Conversely, unfavorable experiences lead to increased churn, lower productivity, diminished competitiveness, and value destruction. With the advent of digital communication channels, favorable or unfavorable experiences can be shared instantly and spread virally, amplifying these impacts and raising the stakes for organizations of all types and sizes.  “.

Qualtrics International was founded in 2012 and has 1915 employees. The company is located at 333 West River Park Drive, Provo, UT 84604, US and can be reached via phone at 385-203-4999 or on the web at http://www.Qualtrics.com.

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