Friday, January 20, 2012
Active Network Plans Offering For Investors
The venture investors in San Diego-based sports website firm Active Network are looking to take some dollars off the table, via an offering from Active, according to an S-1 filed by the company Friday. In the filing, Active said it is planning to sell 1.5 million shares of its common stock, being sold by a long list of its current investors. Those investors include ICG Holdings, TPG Ventures, Norwest Venture Partners, Draper Fisher Jurvetson, TL Ventures, as well as others. The sales come around 9 months after Active Networks May 2011 IPO. Active Network has been roughly flat since the IPO, trading recently at around $14.59; the firm had debuted May 25th at $15.00 per share. Active operates a network of sites focused on sports registration, team management, and more.