SurveyMonkey Makes a Splash Debuting with $180 Million IPO

​As the third quarter came to a close last week, 12 U.S. firms completed initial public offerings, according to the New York Stock Exchange. Those firms raised a total of $1.27 billion in capital by selling their shares for the first time. The healthcare industry led the way with six IPOs, raising $586 million in capital. The following are some of the headlining IPOs from last week

• Last Wednesday, SurveyMonkey debuted on the NASDAQ exchange, raising $180 million under the ticker SVMK. SurveyMonkey operates an online survey tool, designed to help users collect and understand participant data. The company provides free, customizable surveys and offers a paid service for data analysis, bias elimination, and data representation tools.

• Mobile software provider CooTek, raised $52 million in its initial public offering last week, using the ticker ‘CTK’ on the NASDAQ. The Chinese company is a maker of a series of mobile applications, including the AI-based keyboard app TouchPal and a series of health-centered apps.

• Biotech company Urovant Sciences had its NASDAQ debut on Wednesday using the ticker ‘UROV.’ The London-based company raised $140 million. According to its prospectus, the company is currently testing vibegron, its lead drug candidate and a treatment for overactive bladder, in a Phase 3 study.
  

​

• New Haven, Connecticut-based Arvinas debuted on the NASDAQ exchange, raising $120 million. The company is developing therapies to degrade disease- and cancer-causing proteins. Its current class of drugs are focused on the removal of unwanted proteins that cause breast and prostate cancers.