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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

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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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.