Deals
SurveyMonkey Climbs in Debut After Upsized $180 Million IPO
- Polling company’s shares jump as much as 67 percent after open
- Sheryl Sandberg-backed company’s value tops 2014 funding round
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Online-polling company SurveyMonkey surged as much as 67 percent in its trading debut after raising $180 million in its bigger-than-targeted U.S. initial public offering.
Shares of SurveyMonkey, the operating name of Svmk Inc., closed up 44 percent at $17.24 Wednesday in New York. That price lifted the company’s market value to about $2.1 billion, topping its $2 billion valuation in a 2014 private funding round.