Tremendous news for all of the true believers out there - Qualtrics will be spun from SAP and the expected valuation is ~$14B!!!
When Ryan Smith planned to take them public two years ago SAP swooped in and scooped them up for ~$8B!
What does this mean for the Jazz? Smith fortune will rise significantly, need a little money for the cap penalty, no problem! Need that third piece - no problem!
Smith is going from being worth $1.5B to far more once the spin completes. Small market pain no longer my friends!!!
Really helps out when a fine American capitalist is also a Jazz fan!!!