Ancestry.com's IPO Likely to Hit Markets in Q4

Ancestry.com (ACOM) is no dot-com flim flam. The company – which is the largest in the online genealogy space – has nearly one million paid subscribers. In fact, for the first half of 2009, revenues came to $108 million, with profits of $8.2 million. Revenues and profits for the same period last year were $95 million and $1.2 million, respectively.

Now, there will be another chapter in the life of the company: an IPO. The offering is likely to hit the markets in Q4.

The deal should also make its private equity sponsor, Spectrum, happy. The firm holds a 67% stake in the dot-com.

The underwriters on the deal include Merrill Lynch and Morgan Stanley.

Comments

[Novice Trader:]

I'm one of their subscribers. Fantastic site, user friendly and would recommend it to anybody.
How do I get in on this IPO? Do I just show up on the first day of trading or do I contact one of the underwriters?

Thank you in advance!

Aug 05 11:19 AM

[The Aft Deck:]

Nice business, best of luck with IPO

Aug 05 11:53 AM