Qualtrics Announces its Initial Public Offering Pricing

Qualtrics, a recognized leader in customer experience and the creator of the Experience Management (XM) category, is changing how organizations manage and improve the four core experiences of business: customer, employee, product, and brand.

Fremont, CA: Qualtrics, the leader in customer experience and creator of the experience management category, announced the pricing of its initial public offering of 51,695,568 shares of its Class A common stock at a price to the public of $30.00 per share.

The shares are expected to begin trading today on the Nasdaq Global Select Market under the ticker symbol "XM," and the offering is expected to close on February 1, 2021, subject to customary closing conditions. Qualtrics have also granted the underwriters a 30-day option to purchase up to 7,754,335 additional shares of Class A common stock at the initial public offering price, less underwriting discounts, and commissions.

Morgan Stanley and J.P. Morgan are acting as lead book-running managers for the offering. BofA Securities, Barclays, Deutsche Bank Securities, Goldman Sachs & Co. LLC, HSBC, Citigroup, BMO Capital Markets, and Truist Securities are acting as book-running managers, and Canaccord Genuity, Evercore ISI, JMP Securities, Oppenheimer & Co., Piper Sandler, Raymond James, William Blair, Loop Capital Markets, Ramirez & Co, and R. Seelaus & Co are acting as co-managers for the offering.

The offering is being made only by means of a prospectus.