SurveyMonkey’s inventory rose sharply in its inventory market debut Wednesday, and that is excellent news for Sheryl Sandberg’s charitable group.
Sandberg, the chief working officer of Fb, pledged earlier this yr to donate the proceeds from the IPO of SurveyMonkey’s mother or father firm, SVMK.
SurveyMonkey ( shares opened for buying and selling at $18.75 — a 56% enhance over the IPO worth — and shortly rose as excessive as $20. At that worth, Sandberg’s stake within the firm was price greater than $206 million. )
She plans to donate the shares (or the proceeds from a sale of the inventory) to the Sheryl Sandberg and Dave Goldberg Household Basis.
The donation is a part of Sandberg’s dedication to the Giving Pledge, the charitable marketing campaign based by billionaires Warren Buffett and Invoice and…