Qualtrics International, which provides software used to analyze and improve user and employee experiences, officially withdrew its IPO on Tuesday, after agreeing to be acquired by SAP for $8 billion on November 11, 2018, three days before its planned IPO.
The Provo, UT-based company was founded in 2002 and booked $372 million in sales for the 12 months ended September 30, 2018. It had planned to list on the Nasdaq under the symbol XM. Morgan Stanley, Goldman Sachs, Barclays, RBC Capital Markets, Jefferies, Deutsche Bank and BMO Capital Markets were set to be the joint bookrunners on the deal.
