Genealogy company Ancestry.com has filed for an IPO and plans to raise about $75 million in the offering, according to an SEC filing. It plans to list on Nasdaq or NYSE under the symbol ACOM, and Morgan Stanley and BofA Merrill Lynch are the lead underwriters. The company, founded in 1983 (yes!) ad based in Provo, UT, changed its name from The Generations Network to Ancestry.com Inc (again) last month, in preparation for the IPO. The company has genealogy related sites and services including the flagship Ancestry.com, Family Tree Maker, myfamily.com, MyCanvas, Rootsweb, Genealogy.com, Jiapu.com and its international Ancestry sites.
It sold a majority stake in 2007, to previous investor Spectrum Equity Investors, the media/communication PE firm, for about $300 million as part of a recap; other investors included Sorenson Media, [email protected] and EsNet Group. Prior to that it had raised about $95 million in three