IPO News Archive
Angie's List sets IPO terms
Angie's List, which offers independent reviews of local service providers via its subscription-based web platform, announced terms for its IPO on Wednesday. The Indianapolis, IN-based company plans to raise $106 million by offering 8.8 million shares at a price range of $11.00 to $13.00. At the mid-point of the proposed range, Angie's List will command a market value of $677 million. Angie's List, which was founded in 1995 and booked $79 million in sales for the 12 months ended September 30, 2011, plans to list on the NASDAQ under the symbol ANGI
. BofA Merrill Lynch are the lead underwriters on the deal, which is expected to price during the week of November 14.