Qualtrics IPO: Prices at $30 Per Share

Qualtrics finalized its initial public offering (IPO) last night, setting the price at $30 for each share and offering 50.4 million shares to the public.

The announcement of the IPO price proved somewhat elusive, with a formal press release not readily available. Documentation submitted to the Securities and Exchange Commission (SEC) suggested an anticipated price of $30 per share, a figure also reported by various news outlets and IPO analysts.

The TechCrunch team has reached out to Qualtrics for official confirmation of these reports, which are widely circulated and appear reliable, leading to a high degree of confidence in the final pricing.

The $30 per share valuation represents a $1 increase above the company’s previously adjusted IPO range of $27 to $29 per share. TechCrunch previously suggested that the initial price interval was conservative, and predicted the possibility of a final price exceeding the upper end of the revised range by a dollar or two.

As anticipated.

Based on a price of $30 per share and a total of 511,138,997 shares outstanding following the IPO – including the underwriters’ option, as detailed in the latest S-1/A filing – Qualtrics’ value reaches $15.3 billion. This is nearly double the $8 billion valuation the company held when it was acquired by SAP several years ago. It’s important to await a definitive, final share count to confirm the company’s value before trading commences.

This outcome represents a positive result for SAP. However, SAP is not the only entity benefiting from Qualtrics’ success. Silver Lake previously agreed to purchase “15,018,484 shares at $21.64 per share” and “225 million of shares at the initial public offering price” in December. This translates to a paper profit exceeding $125 million on shares originally acquired for just under $22 each.

A very favorable transaction. Silver Lake stands to gain even more if Qualtrics experiences positive movement in early trading.

The TechCrunch team will be speaking with the company later today and will provide further insights into its performance and valuation once trading begins.