NEWS1 October 2018

SurveyMonkey on New York stock market

Financials News North America

US – Online survey company SurveyMonkey has closed its initial public offering (IPO) on Nasdaq with the sale of 17,250,000 shares of its common stock at a price of $12.00.

It also included the full exercise of the underwriters’ option to purchase 2,250,000 additional shares of its common stock. The sale had been led by its parent company, SVMK.

The share price saw the company valued at $1.25 billion – 40% below the $2bn it achieved four years ago after its fund raising as a private company. But its share price rose 60% when trading began.