Deals
Sprinklr Rebounds in Debut After Downsized $266 Million IPO
- CEO says U.S. scrutiny of big tech firms could fuel growth
- Hellman & Friedman adds to its Sprinklr stake in listing
Photographer: Rafael Henrique/SOPA Images/LightRocket/Getty Images
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Sprinklr Inc., a customer experience software maker, sunk and then climbed back in its trading debut after raising $266 million in a downsized initial public offering priced below a marketed range.
The shares, priced below the marketed range at $16 apiece in the IPO, swung between a gain of as much as 25% and a loss of up to 8.8% on Wednesday. They closed up 10% to $17.60, giving the company a market value of $4.4 billion.