Oct 19, 2018

Survey software maker Qualtrics files for $200 million IPO

Qualtrics CEO Ryan Smith. Photo: Clodagh Kilcoyne/Getty Images

Qualtrics, a Utah-based maker of enterprise survey software, has filed to go public, on Friday filed for a $200 million IPO.

Why it matters: Qualtrics has long been rumored to be an IPO candidate, with expectations intensifying after rival SurveyMonkey's listing last month.

  • The company will list its shares on the Nasdaq under ticker symbol "XM."
  • Qualtrics is still unprofitable. In the first six months of 2018, it had a loss of $3.4 million on $184.2 million in revenue. For the same period in 2017, it had a $3.7 million loss on $131.4 million in revenue.
  • For all of 2017, it had a $2.6 million in profit on $289.9 million in revenue.
  • It has raised around $450 million in venture capital, most recently at a $2.5 billion valuation, from firms like Accel (38.6% stake), Insight Venture Partners (35.8%), and Sequoia Capital (24.1%).

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Scoop: Census Bureau is paying Chinese state media to reach Americans

Illustration: Sarah Grillo/Axios

The 2020 Census Paid Media Campaign, which sends U.S. taxpayer dollars to community media outlets to run ads about the upcoming census, is including a Chinese state-run broadcaster as one of its media vendors.

Why it matters: After China's yearslong campaign to co-opt independent Chinese-language media in the U.S., Washington is now paying Beijing-linked media outlets in order to reach Chinese Americans.

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Live updates: Coronavirus spreads to Latin America

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Brazil confirmed the first novel coronavirus case in Latin America Wednesday — a 61-year-old that tested positive after returning from a visit to northern Italy, the epicenter of Europe's outbreak.

The big picture: COVID-19 has killed more than 2,700 people and infected over 81,000 others. By Wednesday morning, South Korea had the most cases outside China, with 1,261 infections. Europe's biggest outbreak is in Italy, where 374 cases have been confirmed.

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GOP congressman accuses California pension official of working for China

Illustration: Rebecca Zisser/Axios

The latest season of Red Scare has come to Sacramento.

Driving the news: Rep. Jim Banks (R-Ind.) has repeatedly accused Ben Meng, chief investment officer of the California Public Employees' Retirement System (CalPERS), of tacitly working on behalf of the Chinese government. Banks also says that, were it up to him, Meng would be fired — and has questioned the patriotism of California Gov. Gavin Newsom for not at least investigating Meng.

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