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November 2, 2011 09:25 pm GMT
Angie's List, which offers consumers a way to review and rate doctors, contractors and service companies on the Web, has just set the terms for its IPO. In a new filing, the company revealed that it aims to raise as much as $131.4 million in the offering and has priced its IPO in the range of $11 to $13 per share. The company will list on the Nasdaq under the symbol ANGI. At the high end of the range, Angie's List would be valued at nearly $700 million. Angies List launched in 1995 with a focus on local home, yard and car services, sits at the intersection of local search, user-generated content and subscription-based services. To date, Angies List has raised nearly $100 million from Battery Ventures, T. Rowe Price, City Investment Group, Cardinal Ventures and others.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/kTeeGj4FnwU/
Angies List Sets Price Range IPO At $11 To $13 Per Share; Valued At Over $600M
Angie's List, which offers consumers a way to review and rate doctors, contractors and service companies on the Web, has just set the terms for its IPO. In a new filing, the company revealed that it aims to raise as much as $131.4 million in the offering and has priced its IPO in the range of $11 to $13 per share. The company will list on the Nasdaq under the symbol ANGI. At the high end of the range, Angie's List would be valued at nearly $700 million. Angies List launched in 1995 with a focus on local home, yard and car services, sits at the intersection of local search, user-generated content and subscription-based services. To date, Angies List has raised nearly $100 million from Battery Ventures, T. Rowe Price, City Investment Group, Cardinal Ventures and others.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/kTeeGj4FnwU/
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