- SAP (NYSE:SAP) spin out Qualtrics (XM) has upsized its IPO from 49.3M to 50.4M shares.
- The price range is also increased again from the initial $20-24 to $27-29.
- At the high end of the new ranges, the experience management software company could raise about $1.5B in the offering.
- SAP ADRs are relatively flat pre-market at $127.32. Qualtrics
- After the IPO, SAP will remain controlling shareholder with an 80% stake.
- Deeper dive from Seeking Alpha contributor Donovan Jones: Qualtrics Seeks IPO After SAP Acquisition