SurveyMonkey tops targets in upsized IPO, raises $180M

SVMK Inc., more commonly known as SurveyMonkey, raised $180 million in an IPO on Tuesday night that topped its price targets and sold more shares than expected.

The San Mateo-based online survey business sold 15 million shares at $12 each. It was expected to sell 13.5 million shares for between $9 and $11. Its initial market cap going into its first day of trading is nearly $1.5 billion — well below the last private valuation of about $2 billion that PitchBook Data says it got when it raised its…