Sprinklr Files Registration Statement for Proposed Initial Public Offering

Rhea-AI Summary

Sprinklr has filed a registration statement on Form S-1 with the SEC for a proposed initial public offering of its Class A common stock, which will trade under the ticker symbol CXM on the NYSE. The number of shares and price range have not been determined. Major financial institutions including Morgan Stanley, J.P. Morgan, and Citigroup will manage the offering. The registration statement is pending effectiveness, and shares cannot be sold until it is effective. This announcement is purely informational and does not constitute an offer to sell securities.

Positive

• Planned IPO under ticker symbol CXM on NYSE to enhance market presence.
• Backed by reputable financial institutions as lead managers, potentially boosting investor confidence.

Negative

• The offering details, such as share price and number of shares, have yet to be determined, introducing uncertainty.
• Pending registration status means no offers can be accepted, delaying potential capital influx.

NEW YORK, May 28, 2021 /PRNewswire/ -- Sprinklr, the unified customer experience management (Unified-CXM) platform for modern enterprises, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

Sprinklr intends to list its common stock on the New York Stock Exchange under the ticker symbol "CXM."

Morgan Stanley, J.P. Morgan, Citigroup, Barclays, and Wells Fargo Securities  will act as lead book-running managers for the proposed offering, and JMP Securities, KeyBanc Capital Markets, Oppenheimer & Co., Stifel and William Blair will act as co-managers for the offering.

The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the offering 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.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Media Contacts
Sprinklr
PR@Sprinklr.com

Brunswick Group
Darren McDermott / Paul Cafiero
sprinklr@brunswickgroup.com 

 

View original content:http://www.prnewswire.com/news-releases/sprinklr-files-registration-statement-for-proposed-initial-public-offering-301301919.html

SOURCE Sprinklr

FAQ

What is Sprinklr's stock symbol after its IPO?

Sprinklr will trade under the stock symbol CXM on the New York Stock Exchange.

When did Sprinklr file for its IPO?

Sprinklr filed for its initial public offering on May 28, 2021.

Which financial institutions are managing Sprinklr's IPO?

Morgan Stanley, J.P. Morgan, Citigroup, Barclays, and Wells Fargo Securities will manage the IPO.

What are the next steps for Sprinklr's IPO after the registration statement?

The registration statement must become effective before shares can be sold or bought.