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2021-06-23

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Sprinklr Announces Pricing of Initial Public Offering

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Sprinklr is offering 16,625,000 shares of its Class A common stock.\nIn addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,662,500 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on June 23, 2021 under the symbol \"CXM,\" and the offering is expected to close on June 25, 2021, subject to customary closing conditions.\nIn connection with and subject to completion of this offering, certain existing stockholders, including our Founder, Chairman and Chief Executive Officer and entities affiliated with Hellman & Friedman LLC, Battery Ventures and ICONIQ Strategic Partners, have agreed to purchase 3,125,000 out of the 16,625,000 shares of the Class A common stock offered by Sprinklr.\nMorgan Stanley, J.P. Morgan, Citigroup, Barclays, and Wells Fargo Securities are acting as lead book-running managers for the proposed offering, and JMP Securities, KeyBanc Capital Markets, Oppenheimer & Co., Stifel, William Blair, Blaylock Van, LLC, C.L. King & Associates, Ramirez & Co., Inc and Roberts & Ryan are acting as co-managers for the offering.\nA registration statement relating to this offering was declared effective by the Securities and Exchange Commission on June 22, 2021. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from:: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204, or by email at prospectus-eq_fi@jpmchase.com; or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146, or by email at prospectus@citi.com.\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout Sprinklr\nSprinklr is the unified platform for all customer-facing functions. We call it unified customer experience management (Unified-CXM). We help companies deliver human experiences to every customer, every time, across any modern channel, at a once impossible scale. Headquartered in New York City with over 2,400 employees globally, Sprinklr works with more than 1,000 of the world's most valuable enterprises — global brands like Microsoft, P&G, Samsung and more than 50% of the Fortune 100.","news_type":1},"isVote":1,"tweetType":1,"viewCount":78,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/123214323"}