(ACOM) IPO Trades Higher

November 5, 2009 11:14 AM EST
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The IPO for Inc. (Nasdaq: ACOM) is open for trading. Shares are trading at $15.40, after pricing 7,407,407 shares at $13.50 per share, the middle of the expected $12.50-$14.50 range.

A total of 4,074,074 shares are being offered by, 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. 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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Hot List, IPOs, Trader Talk

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Piper Jaffray, Morgan Stanley, Jefferies & Co, Merrill Lynch, Bank of America, BMO Capital

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