You’ve probably heard of Craig’s List and no doubt you’ll be aware that the site is worth at least a billion dollars. But did you know that Craig’s List has a sister of sorts? That site is called Angie’s List and is the Craig’s List equivalent for consumers looking to research, hire and review local services for homes and cars.
The Indianapolis-based company has been making waves recently with its IPO filing and reports are that the filing has now been updated with new price range for the shares on offer. Angie’s List is reportedly now offering 8.8 million shares at $11 to $13 a piece—this is expected to raise over $114 million for the company. There are also plans to have allotments as part of the IPO and this is expected to push the value of the total sum raised to $131.5 million.
It’s believed that the total sum raised will be slightly lower than predicted targets because of the total allotment of shares, 2.5 million will be sold directly to senior management and as such the proceeds won’t flow into the company.
Overall though, Angie’s List is in good shape. Provided the shares are sold at the high end of the pricing structure, the total value of the company will be more than $722 million.
Do you use Angieslist.com to do any of your local services research? Share your experience with the site using the comments below.
Source: http://www.sitetrail.com/2011/11/07/angies-list-is-worth-722-million/
The Indianapolis-based company has been making waves recently with its IPO filing and reports are that the filing has now been updated with new price range for the shares on offer. Angie’s List is reportedly now offering 8.8 million shares at $11 to $13 a piece—this is expected to raise over $114 million for the company. There are also plans to have allotments as part of the IPO and this is expected to push the value of the total sum raised to $131.5 million.It’s believed that the total sum raised will be slightly lower than predicted targets because of the total allotment of shares, 2.5 million will be sold directly to senior management and as such the proceeds won’t flow into the company.
Overall though, Angie’s List is in good shape. Provided the shares are sold at the high end of the pricing structure, the total value of the company will be more than $722 million.
Do you use Angieslist.com to do any of your local services research? Share your experience with the site using the comments below.
Source: http://www.sitetrail.com/2011/11/07/angies-list-is-worth-722-million/