Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Finance

Finance

SurveyMonkey Expected to go Public

After 20 years of existence, SurveyMonkey is finally going public. The survey-software company started during the dot-com era and has become the largest survey company in the world. The company helps their customers collect online survey data to people around the world. On average, 2-million online responses are recorded a day and SurveyMonkey was last valued at $2 billion back in 2014.

On Monday, the tech company announced that their corporate parent, SVMK Inc., filed a draft S-1 with the SEC (Securities and Exchange Commission). The stock price and the number of shares is still unclear. The company stated that the public offering “is expected to commence” after the documents are reviewed and approved.

There has been an influx of tech IPOs this year.  Back at the end of March, Dropbox (a file hosting service company) went public at an $11 billion valuation. The company is now worth $17 billion. Other software IPOs includes Zscaler (an IT security company), Zuora (an enterprise software company), and Smartsheet (software application for collaboration and work management). SurveyMonkey will likely be joining them.

A few years ago, rumors swirled about SurveyMonkey going public. The death of CEO Dave Goldberg in May of 2015 put the company’s plan on hold. At the time, Goldberg and wife Sheryl Sandberg were one of Silicon Valley’s strongest power couples. After Goldberg’s death, Sandberg stated that “Dave was my rock. When I got upset, he stayed calm. When I was worried, he said, ‘We’ll be OK.’…I sure could use him right about now”. Family friend and Salesforce.com CEO Marc Benioff explained how “Dave Goldberg represented the best of the heart and soul of who we are as an industry”.

Since Goldberg’s death, the company has been fighting to go public and that time is finally here. Zander Lurie took over the CEO position back in January of 2016 and has facilitated the tech company’s success.

Featured Image via Pixabay


Comment Template

You May Also Like

Technology

Our exploration unfolds at the intersection of science and society, where everyday individuals become the unsung heroes of discovery as we embark on a...

AI

As we reveal the unprecedented synergy of Artificial Intelligence and personalized health goals, we invite you to go on a transforming journey into the...

Technology

According to a person acquainted with the situation, Huawei, a Chinese company, will begin constructing its mobile phone network equipment factory in France the...

Technology

The advertising-free membership service offered by Meta Platforms (META.O), which is a fee-based solution that was launched in Europe this month, violates EU consumer...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok