The company behind the well-known online survey tool called Survey Monkey was founded back in 1999, presenting one of the oldest companies to have gone public in 2018 as the company decided to issue 13.5 million A class shares, later on issuing 1.5 million additional shares.
The estimated value of IPO was set around at 1.4 billion dollars, while the initial offer raised 180 million dollars with the first trading session ending at the price of 17$ per share, which was up by over 40% in a single day at the time.
Additionally, Survey Monkey shares have managed to show stability against the market trends since it was first listed on Nasdaq under the thicker (SVMK) in September 2018.
How Well is Survey Monkey Shares (SVMK) Doing in 2019 After its 2018 Debut?
Originally, the company’s plan was to open the first trading session at the price per share set between 9$ and 10$, however, Survey Monkey shares started out at the price of 12$, that way raising 180 million dollars with the opening trade on September 26th, 2018.
In accordance with Motley Fool, the shares went upwards with 41% of gains at the end of the trading session, while CNBC reported 67% surge which took the share to the price of 20$ before it slid back down to 17$ right before the closing.
The company additionally reported mitigating losses in 2018 when compared to net loss from 2016 and 2017, also reporting 121.2 million in revenue for the first half of 2018 back at the time before the company became publicly traded.
Presently, Survey Monkey shares are traded at 18.12$ while following an upward trend and closing at 0.55% up with the last trading session.
Generally, the share had recovered since the January dip at the beginning of 2019 when the shares fell below the initial price of 17$ and touched a low of 13$ before it went back to touch 18$ again.