Shares of SurveyMonkey down, trading below IPO price

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Shares of on-line survey firm, SurveyMonkey fell 9 p.c on Wednesday, dipping beneath its IPO value for the primary time.

The survey firm, which ran privately for nearly 20 years, went public nearly two weeks in the past at an preliminary promoting value of $12. Shares popped 42 p.c within the inventory’s opening day.

The remainder of the tech sector was additionally down Wednesday. The S&P tech sector shed three p.c in morning buying and selling.

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