Classmates.com To Be First Social Network To File IPO
Thursday, November 29th, 2007
The company, based in Woodland Hills, California, announced its terms for an initial public offering, setting the starting stack at 12 million shares, which it estimates to be valued at $10-12 each. According to a report by Justin Moresco of Red Herring, “the offering will be underwritten by JP Morgan, Deutche Bank Securities, and Goldman Sachs.”