Ancestry.com (ACOM) IPO Prices at $13.50, Middle of Range
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- Ancestry.com (ACOM) IPO Prices at $13.50, Middle of Range
- Ancestry.com Inc. Prices Initial Public Offering at $13.50 Per Share
Ancestry.com Inc. (Nasdaq: ACOM) priced its initial public offering of 7,407,407 shares of common stock at a price of $13.50 per share, the middle of the expected $12.50-$14.50 range. Shares will commence trading on the NASDAQ Global Select Market under the symbol "ACOM."
A total of 4,074,074 shares are being offered by Ancestry.com, and a total of 3,333,333 shares are being offered by selling stockholders.
The offering was led by Morgan Stanley and BofA Merrill Lynch. Jefferies and Company, Piper Jaffray, and BMO Capital Markets served as co-managers.
Ancestry.com is an online resource for family history and has digitized and put online over 4 billion records over the past twelve years. Ancestry users have created over twelve million family trees containing over 1.25 billion profiles.
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