Momentive Global stock leaves Nasdaq after buyout

Momentive Global stock was bought out at USD 9.46 per share in a USD 1.5 billion transaction that closed on May 31, 2023, according to Multiples.vc. The deal ended the company's Nasdaq listing and moved the survey software provider into private ownership.

The buyout set a clear value

Symphony Technology Group led the all-cash acquisition, which was announced on March 13, 2023. The USD 9.46 offer represented a 28 percent premium to Momentive's 10-day volume-weighted average closing price.

The transaction also stood 46 percent above the closing price before sale rumors emerged on October 19, 2022, giving investors a concrete measure of the takeover premium. The closing date, May 31, 2023, marked the transition from a public-market valuation to a private-equity ownership structure.

Survey software remains core

Momentive was formerly known as SurveyMonkey and provides survey software and experience management tools. Its portfolio includes SurveyMonkey, GetFeedback, Wufoo and SurveyMonkey Apply, according to Polaris7.

The business model combines feedback collection with market research and experience management products. That mix explains why the company can be assessed as a broader business software platform rather than only as a consumer survey website.

Nasdaq trading ended in 2023

Momentive Global now operates as a private company after the acquisition, while the former SVMK ticker remains a historical reference for its public-market period. The USD 1.5 billion transaction and USD 9.46 per-share consideration define the last disclosed public equity valuation.