20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- Qualtrics has priced 51.7 million shares at $30 per share in an upsized initial public offering (IPO), raking $1.55 billion.
- The offering was upsized twice, from the initial range of $20 to $24, raised to $27 and $29. It is a spin-off from German enterprise software service provider SAP SE (NYSE:SAP).
- Yesterday, SAP CEO Christian Klein told CNBC in an interview that its enterprise software unit spin-off Qualtrics International Inc (NASDAQ: XM) is “massively oversubscribed.”
- The share sale will close on February 1, 2021, and the shares will trade on the Nasdaq under the ticker symbol “XM.”
- Qualtrics has granted the underwriters a 30-day option to purchase up to 7.75 million additional shares.
- SAP intends to use the proceeds towards debt repayment worth $1.76 billion.
- Morgan Stanley and J.P. Morgan are the lead book-running managers for the offering.
- Price Action: SAP shares are down 0.37% at $131.70 on the last check Thursday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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