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Shutterstock aims for $115m IPO
So just how much is a stock image site worth? Well US$115-million is apparently a reasonable enough assumption.
That’s the maximum value the US-based site Shutterstock is looking to get out in its Initial Public Offering (IPO), after filing with the Securities and Exchange Commission (SEC) today.
In its filing it said the IPO would be managed by Morgan Stanley, Deutsche Bank Securities and Jefferies.
At present, it is unclear how many shares will be put up for sale and how much the stock will go for.
A recent report from news agency Reuters suggests that the company pulled in about US$100-million in revenue last year, something –along with the appointment of four new directors — that may have spurred the decision to go public.
Shutterstock also owns Bigstock, a value-oriented stock agency.
