Intel Capital-backed customer experience software provider Sprinklr floated below its range in its initial public offering.
Sprinklr, a US-based marketing software developer backed by semiconductor technology producer Intel, raised $266m in its initial public offering yesterday.
The offering took place on the New York Stock Exchange and was comprised of just over 16.6 million class A shares priced at $16 each, equating to a market capitalisation of approximately $4bn. The company had expected to issue 19 million shares priced between $18 to $20.
Existing investors including Hellman & Friedman, Battery Ventures, Iconiq Capital and Sprinklr…
