Sprinklr Shares Soar 11% In Trading Debut After Downsizing Ipo And Pricing Below Range

by marketwatch.com posted 1month ago 0 views
Sprinklr Inc.'s shares rose 11% in their trading debut Wednesday, after the company's downsized initial public offering priced below the expected range, lowering what the customer-experience software company raised to $266 million from a previous expectation of up to $380 million. The company said overnight that it sold 16.625 million shares in the IPO which priced at $16 a share, compared with a previous expectation of an offering of 19.000 million shares to price between $18 and $20 a share. At the IPO pricing, Sprinklr was valued at $4.01 billion.

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