Classmates.com Plans US Stock Market Debut
Classmates claims 50 million registered members and is well known as an online social network for connecting former school friends, military buddies, and co-workers.
Classmates Founded in 1995, has accumulated assets that include well known Internet marketing firm MyPoints and StayFriends websites in Sweden and Germany.
Classmates said in the SEC filing that it plans to offer 12 million shares priced from 10 to 12 dollars per share. Classmates parent company United Online will retain a controlling interest in the firm.
The price of the planned stock offering puts the overall values of Classmates in the range of 600 to 700 million dollars.
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