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

Qualtrics, a Provo, Utah-based maker of enterprise survey software, set IPO terms to 20.5 million shares at $18-$21.

Why it's a big deal: Not only is this around twice the $200 million that Qualtrics originally filed to raise, but also could double the $2.5 billion valuation that it received in its most recent round of venture capital funding.

  • Qualtrics CEO Ryan Smith in July 2015: "Congratulating me for raising VC is like congratulating someone for taking out a mortgage."

Qualtrics plans to trade on the Nasdaq (XM) with Morgan Stanley as lead underwriter, and reports $1.5 million of net income on $290 million in revenue for the first nine months of 2018. It has raised around $450 million in venture capital, from firms like Accel, Insight Venture Partners and Sequoia Capital.

Bottom line from Gary Alexander, via Seeking Alpha:

"The company began as an academia-focused software solution, focused on university researchers to aid in collecting responses to various experiences and tests. As Qualtrics grew, however, it took its original mold and applied its survey-oriented tools for corporate use, which enables companies to gather data from customers, employees, and partners."

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3 dead and thousands evacuated as Northern California fires explode

A building at the Meadowood Napa Valley luxury resort burns after the Glass Fire moved through the area on September 28, 2020 in St. Helena, California. Photo: by Justin Sullivan/Getty Images

Three people have died in a wildfire in Northern California and tens of thousands were evacuated across the state, as firefighters contended with strong winds and dry conditions that saw blazes explode across the state on Monday.

Driving the news: Shasta County Sheriff Eric Magrini confirmed the deaths occurred as the Zogg Fire spread across 15,000 acres, forcing the evacuation of 1,200 people. More than for 5o,000 people, per AP.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 33,273,720 — Total deaths: 1,000,555 — Total recoveries: 23,056,480Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 7,147,241 — Total deaths: 205,031 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: More than 1 million people have now died from coronavirus — India the second country after U.S. to hit 6 million cases.
Dave Lawler, author of World
2 hours ago - World

Global coronavirus death toll crosses 1 million

Data: Our World in Data; Chart: Sara Wise/Axios

The global toll of confirmed deaths from COVID-19 crossed 1 million on Monday, according to data from Johns Hopkins.

By the numbers: More than half of those deaths have come in four countries: the U.S. (204,762), Brazil (141,741), India (95,542) and Mexico (76,430). The true global death toll is likely far higher.