Qualtrics IPO Raises $1.55 Billion, Exceeds Expectations As Stock Jumps

Qualtrics International (XM) raised $1.55 billion with an initial public offering that exceeded elevated expectations and priced above the high end of its estimated range Thursday. The Qualtrics IPO jumped by double digits as trading began.

Qualtrics priced 51.7 million shares, increased from earlier plans to offer 50.4 million shares, at $30. That was above its estimated price range of $27 to $29. It initially planned to offer the shares in the range of $20 to $24 each.