Sprinklr Stock Is A Chance To Cash In On A $1 Trillion Market

Sprinklr stock goes public next week. The Sprinklr IPO is expected to sell 19 million shares priced between $18 and $20 a pop. That will value the company at close to $5 billion.

That's not too shabby for a company with just under $340 million in sales last year.

While it's not the flashiest company, it could be a silent winner in the enterprise software market set to double from $500 billion to $1 trillion by the end of the decade.

If you miss out on profits from this trend, don't let it be because you found it "boring."

Sprinklr is backed by the private equity firm Hellman and Friedman, which invested $200 million in the company last year at a $2.7 billion valuation. The firm will have a 25% voting interest in the stock when the IPO closes.

Morgan Stanley, JP Morgan, Citigroup, Barclays, and Wells Fargo Securities are the underwriters on the IPO.

Let's go deeper into why Sprinklr stock should be on your radar ahead of its IPO.

What Is Sprinklr?

Sprinklr provides enterprise software that helps clients with marketing, advertising, and customer engagement efforts.

CEO and Founder Ragy Thomas notes that forms of communication with customers have changed dramatically over the last few years. Companies do not communicate with customers by just one or two mediums anymore. Instead, they add things like TikTok, Google Messaging, and Apple Business Chat to the traditional mail, e-mail, telephone, and print channels.

Thomas points out that communication is no longer one-to-one but many-to-many, with billions of people connected to each other.

This new world of communication has changed customers' expectations as a result. They are in touch with each other and can communicate across different platforms, sharing their experiences when interacting with companies.

Sprinklr offers a product it calls unified customer experience management, or Unified-CMX, to help companies communicate across all platforms. The software uses artificial intelligence to analyze an enormous amount of customer experience data to constantly improve the customer's experience when interacting with a company.

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Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...

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