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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