SAP’s subsidiary Qualtrics International Inc. files for an IPO in the U.S.

German SAP-owned Qualtrics International Inc. said late on Monday that it had filed for an IPO in the United States valued at up to £74.20 million. SAP SE (ETR: SAP) acquired the U.S. based technological services provider in 2018 for £5.94 billion. Qualtrics reports a 32% growth in revenue to £408.12 million The regulatory filing on Monday highlighted that SAP America Inc. will have a controlling stake in Qualtrics, owning all of its Class B shares (423.2 million) after the initial public offering. As per the company, Qualtrics also intends to have its Class A common stock listed under the