TechCrunch observes WebDAM has an enterprise customer base that includes GE, Intel, Symantec, and Salesforce. Shutterstock CEO Jon Oringer argues the deal will give enterprise buyers of his company's digital imagery content/services "a more seamless experience."
Shutterstock (SSTK +3.3%) announces it has commenced a follow-on offering of 3M shares (overallotment of 450K shares), 2M of which will be sold by existing shareholders and 1M which will be sold by the company.
Shares of Shutterstock (SSTK +4.1%) rally with reports on the company's new Offset brand creating a bit of a buzz. Offset hopes to be a must-have for glossy editorial magazines and high-end advertising agencies after it comes out of beta.
Shutterstock (SSTK) posts a strong IPO. After pricing its 4.5M-share offering at $17, the stock photo site opened at $22.50 and is currently moving at $22.12, up 30.1%. That gives Shutterstock a market cap of $726.4M. (S-1) (1H results)
Online stock photo marketplace Shutterstock (SSTK) plans to sell 4.5M shares through its IPO in a price range of $13-$15 - that translates into a market cap of $426M-$492M for the company, which originally filed in May. Shutterstock posted 1H revenue of $78.2M (+44% Y/Y) and net income of $6.3M. (S-1)