PDA

View Full Version : Ancestry IPO on the horizen



Amerijoe
06-22-2017, 03:00 PM
It will be interesting to the business direction is effected by future shareholder input. This may be your chance to be heard. :)

(Reuters) - Genealogy website Ancestry.com Inc on Monday said it had confidentially submitted a draft registration statement on a proposed initial public offering (IPO) to the U.S. Securities and Exchange Commission.

The Lehi, Utah-based company did not disclose the number of shares to be offered and the price range for the proposed offering.

The website helps people discover their history by tracing their family generations. It also provides personal DNA testing.

Last May, Ancestry.com said in a statement that U.S. private equity fund Silver Lake and Singapore's sovereign wealth fund GIC Private Ltd had acquired minority stakes in a deal valuing Ancestry.com at about $2.6 billion.