Ancestry.com (ACOM) IPO Trades Higher

November 5, 2009 11:14 AM EST Send to a Friend
The IPO for Ancestry.com 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 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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Piper Jaffray, Morgan Stanley, Jefferies & Co, Merrill Lynch, Bank of America, BMO Capital

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