Credit: Shutterstock photoThe survey results are in. Voters in our IPO Poll believe SurveyMonkey will have a strong first-day pop. Almost two-thirds have guessed the pop at over 15%, while the remainder are split between a neutral (1-15%) and a weak debut (
The breakdown of IPO Poll results is a feature only available on IPO Pro .
SurveyMonkey is expected to price on Tuesday night and begin trading on the Nasdaq on Wednesday under the symbol SVMK.
The IPO Poll is just one indicator of the deal. Supporting that positive crowd sentiment, the Quick Take on SurveyMonkey's IPO Pro profile shows some positive market and operating metrics.
As our Quick Take highlights, JP Morgan is an experienced underwriter, and technology IPOs hare performed well recently. That 6% sales growth in 2017 is below average for a tech IPO, but more recently SurveyMonkey grew 17% in the 2Q18. The company has strong profitability (25% EBITDA margin), while its leverage looks manageable.
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The article Survey says: SurveyMonkey voted a hot IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
