Facebook COO Sheryl Sandberg will carry her SurveyMonkey shares to her ancestors foundation, according to the Anatomy S-1 SurveyMonkey filed bygone with the Securities and Exchange Commission. SurveyMonkey is about to go public.
The anatomy says, “Ms. Sandberg affairs to accord all shares beneficially endemic by her (or the gain from the auction thereof) to the Sheryl Sandberg and Dave Goldberg Ancestors Foundation as allotment of accomplishing their altruistic charge to the Giving Pledge.”
SurveyMonkey, founded in 1999, is a survivor from the antecedent tech boom. In 2013, its then-CEO and bedmate of Sheryl Sandberg, Dave Goldberg, told Fortune it was too anon to accede an IPO. The aggregation adjourned its amplification with $800 actor in clandestine debt instead. Goldberg died in 2015, abrogation Sandberg his added than 10.3 actor shares, which aggregate about 9.9% of the company.
After Goldberg died, Sandberg added a additional focus to the Lean In Foundation and renamed it the Sheryl Sandberg and Dave Goldberg Ancestors Foundation. It now works on allotment women and on allowance bodies body animation to affected tragedies such as the afterlife of a partner.
The new foundation appear over $5 actor in assets and $2 actor in assets in 2016. It is additionally the almsman of Sandberg’s accepted book, Lean In: Women, Work, and the Will to Lead.
It is difficult to appraisal what amount the shares will accept afterwards the IPO, the Wall Street Journal reports, because clandestine basic raises, such as the 2013 one, are sometimes beyond than the consecutive accessible raise. In its filing, SurveyMonkey letters anniversary revenues about $200 actor in the aftermost brace of years, but it is not currently profitable. It claims it has added than 600,000 advantageous users.
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