SAP to Spin Out Qualtrics through IPO?

SAP bought these guys for $8bn in 2017 and the article notes they wanted to "focus on core operations for Qualtrics" any thoughts on the strategy here? Why would they want to do this and how would the market view this as SAP will hold a majority of the shares. How common is this?

Source: https://www.forbes.com/sites/alexkonrad/2020/07/2…

 

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