In yet another sign that the appetite for shares in fast-growing technology companies has returned, Ancestry.com, a genealogy website that lets users trace their family origins, filed for a $75m initial public offering on Monday.
In its filing with the SEC, the company revealed that it has almost 1m paying customers, and took in $107m over the last six months, with profits of $8m. The company plans to list on either Nasdaq or the New York Stock Exchange as ACOM. Morgan Stanley and Bank of America Merrill Lynch are the two lead underwriters.
Ancestry.com will be the latest tech company to go public after a nearly yearlong drought. Read more