Thursday, 30 August 2018

Serena Williams could cash in on an upcoming tech IPO (FB)

Serena WilliamsGetty Images

  • Tennis star Serena Williams could see a boon from the initial public offering of the parent company of SurveyMonkey.
  • Williams serves as a director of the company and owns 210,000 options and another 35,000 shares.
  • Williams' options come with a very standard caveat: Each one will cost her $16.03 to buy — so unless SurveyMonkey really explodes out of the gate after its IPO, her potential profit will likely pale in comparison to her winnings from tennis. 
  • Still, depending how things go, the SurveyMonkey IPO could mean a tidy payday for Williams. 


Serena Williams has racked up some major cash on the tennis circuit  — she's made over $84 million in winnings in her career.  Now she has a chance to strike it big in a tech IPO.

Williams is among those who could see a windfall from the IPO of SVMK, the parent company of SurveyMonkey. The tennis star serves as a director of the company and holds some 210,000 options and another 35,000 restricted shares in the company. 

See the rest of the story at Business Insider

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See Also:

SEE ALSO: Sheryl Sandberg is donating her entire 10% stake in her late husband's company to charity after it goes public

SEE ALSO: SurveyMonkey is going public after 19 years in business and $1.1 billion in funding

SEE ALSO: Startups worth $8.7 billion went IPO in the first half of 2018, and Wall Street thinks the boom time is just getting started



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