Write For Us

SurveyMonkey raises $180M in upsized IPO


SuerveyMonkey raised $180 million in an upsized initial public offering on Tuesday, selling 15 million shares at $12 per share

By Daniel Uria, UPI

SurveyMonkey's stock priced above the marketed price range as it raised $180 million in its initial public offering Tuesday.

The online polling company upsized its IPO to sell 15 million shares at $12 per share, higher than the opening it initially planned at 13.5 million shares between $9 and $11, CNBC reported.

Salesforce Ventures had previously agreed to purchase $40 million worth of stock in a private placement at a price equal to the IPO price.

SurveyMonkey's IPO filing stated it had 16 million active users in the past year, 3.8 percent of which were paying users, Bloomberg reported.

The company's filing stated it relied on paying users finding the polling tools through its website and online searches, and that it expects to continue growing through word-of-mouth from its existing customers and having existing users pay more.

SurveyMonkey plans to use the proceeds from its IPO to pay off portions of its debt and meet income tax obligations in addition to using it as capital and to invest in technology.

The company experienced a net loss of $27.2 million in the first six months of 2018, up from $19.1 million during the same period in 2017.


Note: If you think this story need more information or correction, feel free to comment below your opinion and reaction.
Like & Follow to Stay Updated ...


Alabama,1,Arizona,1,Barack,1,California,3,Colorado,1,Connecticut,1,Crime,531,Florida,1,Franc,1,Hawaii,8,Illinois,1,Los Angeles,2,Massachusetts,3,Mississippi,1,New York,130,U.S.,1558,Washington,4,
U.S. - U.S. Daily News: SurveyMonkey raises $180M in upsized IPO
SurveyMonkey raises $180M in upsized IPO
U.S. - U.S. Daily News
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy