SurveyMonkey files for IPO
SurveyMonkey Inc. filed documents late Wednesday signalling plans to list its initial public offering on the Nasdaq under the symbol SVMK. The San Mateo, Calif. survey software company logged second-quarter net losses of $12.5 million on sales of $62.7 million, compared with losses of $14.8 million on revenue of $53.5 million in the year-earlier period. In the Securities and Exchange Commission filing, the company said it plans to raise $100 million, but that number is often a placeholder which it will update as it gets closer to listing the stock. J.P. Morgan, Allen & Co. and BofA Merrill Lynch, among others, were listed as underwriters for the offering.
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