Shares of Utah-based Ancestry.com Inc., the largest online source of genealogical data, climbed as much as 21 percent in its first day of trading after an initial public offering launched Thursday morning.
Ancestry.com jumped $1.26, or 9.3 percent, to $14.76 at about 10 a.m. MST on the Nasdaq Stock Market. The shares traded as high as [...]
NEW YORK – Genealogy Web site Ancestry.com has succeeded in raising $100 million in its initial public offering. With more than a million paying subscribers, little competition, a small debt load and a record of increasing revenue, it fared better than other IPOs that have recently priced below their filing ranges.
The Provo, Utah-based company, which [...]
Ancestry.com is expected to go public this week. In checking out their prospectus, updated as of November 2, 2009, they will be offering 7,407,407 shares of common stock as soon as the registration statement filed with the Securities and Exchange Commission is effective. It looks to me like that could be at any time.
The [...]
When I opened my morning paper (the Deseret News), this morning, I found an article in the business section titled, “FTC Targets Blog Product Reviews.” The article goes on to explain that the Federal Trade Commission has decided that they should use their authority to “make product information and online reviews more accurate for consumers.” [...]
The $75,000,000 Ancestry.com I.P.O. is underwritten by five banks/financial institutions. They typically get 7% of the total offering, less their expenses. Since I.P.O.s have been nearly non-existent lately, the banks can crow a bit about making a few bucks from Ancestry.com’s venture.
Rory Maher, at the Business Insider, estimates the fees as follows:
Morgan Stanley (33%): $1.5 [...]
There’s a downside to every business, and looking at the Ancestry.com SEC filing, it’s hard to see anything but the bucket of gold. However, Ancestry.com has cited acquiring country code domain names as a potential risk. That comes with having such a high-level domain name in the first place. The name Ancestry or Genealogy is [...]
It really comes as no surprise that Ancestry.com, Inc. has filed for a $75,000,000 Initial Public Offering (I.P.O). They’re one of the few genealogy companies that has made a lot of money the last year or two. According to the SEC filing, they made $8,000,000 in profit on income of $108,000,000 in the last [...]
I ran across the following news release this afternoon, and found it interesting reading. Probate searches are common to genealogists worldwide. This press release deals specifically with one company in the U.K. - and their approach to tracing heirs for a fee.
There are numerous probate research firms in the United States, a number of them [...]
How often does a new idea come along to help genealogy businesses reach new customers? My friend, Lee Everton, came up with an idea a while back that I think can be of benefit to genealogy-related businesses - and I’m encouraging those in the business to support the idea.
A while back, I talked with Lee [...]
