June 14 (Reuters) - Software startup Sprinklr said on Monday it was looking to raise as much as $380 million through a U.S. initial public offering (IPO), targeting a valuation of about $5 billion.
Sprinklr, which began in 2009 in a spare bedroom in founder and Chief Executive Officer Ragy Thomas's house in New Jersey, provides software that helps its clients with marketing, advertising and customer engagement.
The company's revenue rose 19% to $111 million in the three months ended April 30, 2021. Its net loss, however, widened to $14.7 million from $11.2 million in the period.
The company has applied to list its shares on the New York Stock Exchange under the ticker symbol "CXM."
It confidentially submitted paperwork to U.S. regulators for the IPO in March. read more
Morgan Stanley, J.P. Morgan, Citigroup, Barclays and Wells Fargo Securities are the lead underwriters for the offering.
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