Sprinklr, which provides customer experience management software for enterprises, raised $266 million by offering a downsized 16.6 million shares at $16, below the range of $18 to $20. The company had originally filed to offer 19 million shares at the same range. Additionally, insiders agreed to purchase 3.1 million of the shares in the offering. At pricing, Sprinklr commands a fully diluted market value of $4.6 billion.
Sprinklr plans to list on the NYSE under the symbol CXM. Morgan Stanley, J.P. Morgan, Citi, Barclays, and Wells Fargo Securities acted as joint bookrunners on the deal.
