Software Firm Sprinklr Files To Go Public: Reuters

Microsoft Corp (NASDAQ: MSFT) and Verizon Communications Inc (NYSE: VZ) supplier Sprinklr has confidentially filed for an IPO with the SEC, Reuters reports.

• The software firm, founded in 2009 by CEO Ragy Thomas, assists clients with marketing, advertising, and customer engagement.
• The offering size was yet to be determined. 
• The company raised $200 million from private equity firm Hellman & Friedman, bringing its valuation to $2.7 billion in September. Singapore-based investment firm Temasek and ICONIQ Capital had also invested in the start-up.
• Over 60 operating companies have listed so far in 2021, against the backdrop of an IPO boom.