Sprinklr Inc.'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. The stock is expected to begin trading Wednesday on the NYSE under the ticker symbol "CXW."
In this article
No tags related to this article.