Software startup Sprinklr shares fall in NYSE debut, valued at $3.7 billion


FILE PHOTO: The Sprinklr logo is seen on a smartphone next to a stock image of a graph in this illustration taken on June 14, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) -Shares of Sprinklr Inc, which counts Microsoft Corp and Verizon Communications Inc as customers, fell nearly 9% in their U.S. stock market debut on Wednesday, valuing the software startup at about $3.7 billion.

The New York-based company, backed by private equity firm Hellman & Friedman, raised $266 million in its downsized initial public offering on Tuesday. (https://bit.ly/3gVux0R)

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