SurveyMonkey files for $100m IPO after 19 years 

The OG survey platform has filed for a $100m IPO after being in 3 years of public sector limbo due to the unexpected passing of its longtime CEO and late husband to Sheryl Sandberg.

August 31, 2018

OG Silicon Valley survey software maker, SurveyMonkey, filed to hit the Nasdaq on Wednesday — and it only took them a hair under 2 decades.

Per the filing, the company plans to raise $100m in the IPO (which has been noted as a placeholder amount).

SurveyMonkey joins a stampede of unicorns galloping toward the public market this year (including Eventbrite, which submitted its IPO paperwork last week).

Still lacking that profit

At 19 years old, the company that pioneered “freemium” software has raised some $600m across several rounds of funding from investors, valuing them at $2B.

Despite this, they are still unprofitable: According to TechCrunch, SurveyMonkey reported a net loss of $27.18m on $121m in revenue in the first half of 2018.

During the same period last year, they took a $19m net loss on $106.5m in revenue.

This monkey has been trying to get out of its cage for a while

The online polling company was prepping for an IPO in 2015 — but plans were put on hold when the company’s longtime CEO, Dave Goldberg, unexpectedly passed away.

The company reportedly has 600k users as well as a few high-profile board members on its roster (like Serena Williams and Facebook COO Sheryl Sandberg).

Sandberg was Dave Goldberg’s wife and owns upwards of 10m shares in the company. Per the filing, she plans to “donate all shares beneficially owned by her to the Sheryl Sandberg and Dave Goldberg Family Foundation.”

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