Renaissance Capital logo

Language learning software provider Rosetta Stone sets IPO terms and timing

April 1, 2009
RST

Rosetta Stone, a leading provider of technology-based language learning solutions, announced terms for its IPO on Wednesday. The Arlington, VA-based company plans to raise $100 million by offering 6,250,000 shares at a price range of $15.00 to $17.00. At the mid-point of the proposed range, Rosetta Stone will command a market value of $341 million. Rosetta Stone, which was founded in 2005 and booked $209.4 million in sales over the last 12 months, plans to list on the NYSE under the symbol RST. Morgan Stanley and William Blair are the lead underwriters on the deal, which is expected to price in mid-April.