Ancestry.com Plans to Go Public
Posted by Diane
Ancestry.com filed with the SEC yesterday for a $75 million IPO, indicating its decision to go from a firm funded by private equity investors to a publicly traded company.
Its ticker symbol will be ACOM.
“Our revenues have increased from $122.6 million in 2004 to $197.6 million in 2008,” reads Ancestry.com's SEC filing. The Provo, Utah,-based company reports just under 1 million subscribers, about 45 percent of whom have been subscribing continuously for more than two years as of June 30.
The filing gives more stats, an overview of the business, its growth strategies (more content, more features that let members collaborate, more international growth) and associated risks (dependence on subscriptions, a tight focus on family history, and competitors, “some of which provide access to records free of charge”). You can read it here.
This article nicely sums up information from the filing.
Ancestry.com | Genealogy Industry
Tuesday, August 04, 2009 2:20:31 PM (Eastern Daylight Time, UTC-04:00)