Ancestry.com has been selected as Renaissance Capital's Featured IPO. The company, which operates a subscription-based online community for researching family histories, plans to raise $100 million by offering 7.4mm shares at a price range of $12.50 to $14.50. At the mid-point of the proposed range, Ancestry.com will command a market value of $658 million. The Provo, UT-based company plans to list on the NASDAQ under the symbol ACOM. Morgan Stanley, BofA Merrill Lynch , and Jefferies are the lead underwriters on the deal.
The Spectrum Equity-backed Ancestry.com has invested more than $80 million over the last 12 years to digitize and index historical content that it offers on a subscription basis through its easy-to-use and scalable web-based platform. Read our full IPO Commentary.
