Shutterfly, a leading online photo service enabling users to store, share, edit and publish digital photos, filed for an IPO on Thursday. Goldman Sachs, JPMorgan, Piper Jaffray and Jeffries & Co. are managing the deal for the Redwood City, CA based company. Terms and timing have yet to be announced.
Shutterfly was founded by well-known technology entrepreneur James Clark, who previously founded Netscape, Healtheon/WebMD and Silicon Graphics. Mr. Clark currently serves as Shutterfly's Chairman and owns 40% of the company. CA-based venture firm Mohr, Davidow is the second largest shareholder with a 23% pre-IPO stake.
