Tuesday, October 30, 2007

Internet Brands Sets IPO Terms

El Segundo-based Internet Brands said today in a filing with the SEC that it intends to sell 9,566,454 shares of its common stock in an IPO on the NASDAQ Global Market, at a price between $10.00 and $12.00 per share. The firm, which runs a number of consumer focused web sites such as CarsDirect.com, Wikitravel.org, and ApartmentRatings.com, is venture backed by Idealab, Foundation Capital, and Clearstone Ventures. According to the firm's S-1, Idealab owns 31% of the firm. The IPO is being underwritten by Thomas Weisel Partners and Jeffries & Company. Internet Brands has applied to trade on the NASDAQ as INET.

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