SAP to Take Qualtrics Public Through IPO
27 Juillet 2020 - 8:02AM
Dow Jones News
By Mauro Orru
SAP SE said late Sunday that it plans to take data-analysis
company Qualtrics public through an initial public offering in the
United States.
The German software company, which owns 100% of Qualtrics as
part of its cloud portfolio, said the IPO would bolster Qualtrics'
experience-management category, granting the company more
autonomy.
"SAP's acquisition of Qualtrics has been a great success and has
outperformed our expectations with 2019 cloud growth in excess of
40%, demonstrating very strong performance in the current setup,"
SAP Chief Executive Christian Klein said.
"As Ryan Smith, Zig Serafin and I worked together, we decided
that an IPO would provide the greatest opportunity for Qualtrics to
grow the experience management category."
SAP said a decision on the IPO as well as conditions and timing
are pending and subject to market conditions, and that it would
still retain majority ownership of Qualtrics with no intention of
divesting its interest.
The transaction isn't expected to affect SAP's 2020 or
longer-term financial targets, the company said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 27, 2020 01:47 ET (05:47 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Sap (TG:SAP)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Sap (TG:SAP)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024
