SurveyMonkey, a San Mateo, CA-based global provider of survey software products, announced that its parent company, SVMK Inc., priced its initial public offering of 15,000,000 shares of its common stock at a price to the public of $12.00 per share.
The shares began trading on the Nasdaq Global Select Market on September 26, 2018 under the symbol “SVMK.”
The offering is expected to close on September 28, 2018, subject to customary closing conditions.
In addition, the company has granted the underwriters a 30-day option to purchase up to 2,250,000 additional shares of its common stock at the initial public offering price less the underwriting discount.
Founded in 1999, SurveyMonkey allows individuals and organizations to gather feedback by creating their own online surveys, and to measure, benchmark and act on the opinions that drive success.
The company currently has 750+ employees are dedicated to fueling the curiosity of over 16 million active users globally.
J.P. Morgan Securities LLC, Allen & Company LLC and BofA Merrill Lynch are acting as lead book-running managers for the offering. Credit Suisse Securities (USA) LLC, UBS Securities LLC and Wells Fargo Securities are also acting as book-running managers and SunTrust Robinson Humphrey, Inc., Code Advisors LLC, Foros, JMP Securities LLC and LionTree Advisors are acting as co-managers.