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SurveyMonkey has announced that its parent company, SVMK, has submitted a draft registration statement S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). This is a confidential filing that is not readily available.
According to what the firm did release, the number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.
The last major company to file for a confidential IPO was Snap Inc. (NYSE: SNAP), and going back even further Jack Dorsey’s startup Square Inc. (NYSE: SQ) was a confidential filing as well.
When the company last raised money in 2014, SurveyMonkey had a valuation of roughly $2 billion.
SurveyMonkey describes itself and what it does as follows:
Every day, 3 million people around the world use our platform, whether it’s to ask 10 employees about a company barbecue or 10,000 consumers about the next big product. That’s because we’ve built a platform that’s simple for a survey novice to use, but powerful enough for a pro. And we’re not stopping there. We’ve built a suite of products specifically designed to help you collect and understand data from your customers, your employees, or your target market.
Now seems like a good time to strike in the IPO market, especially with the Nasdaq and S&P 500 fairly close to all-time highs. Not to mention a few hot IPOs have hit over the past few months that make a compelling case as well, such as: Zscaler Inc. (NASDAQ: ZS), DropBox Inc. (NASDAQ: DBX) and DocuSign Inc. (NASDAQ: DOCU).
24/7 Wall St.Credit Card Companies Are Doing Something Nuts
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It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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