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Software Firm Sprinklr Raises $266 Million in Downsized U.S. IPO

  • New York-based company valued at $4 billion after pricing IPO
  • Sprinklr prices shares at $16, below marketed range of $18-$20
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Photographer: John Taggart/Bloomberg

Sprinklr Inc., a customer experience software maker, raised $266 million after pricing its U.S. initial public offering below a marketed range and cutting the number of shares sold.

The company priced 16.6 million shares on Tuesday at $16 each after marketing 19 million shares for $18 to $20 apiece, according to a statement.