SurveyMonkey Soars in Public Market Debut

By Anonymous

The SaaS company’s stock closed Wednesday up 44% from its initial offering price

Shares of SVMK Inc., the parent company of SurveyMonkey, soared in their first day of trading Wednesday, indicating growing investor appetite for software services platforms and newly public technology companies.

The firm’s stock, which is listed on the Nasdaq under the symbol SVMK, closed Wednesday at $17.24, a 44% jump from its initial offering price of $12, which was already above the range the company had set ahead of its roadshow to market shares to potential investors.