Monday, November 26, 2007
Classmates Sets IPO Terms
Woodland Hills-based Classmates said Friday in a filing with the SEC that it will offer 12 million shares of its stock at between $10 and $12 per share. The firm, which is looking to trade on the Nasdaq Global Market as CLAS, is a unit of Woodland Hills-based United Online. The IPO is being underwritten by Goldman, Sachs & Co., JPMorgan, and Deutsche Bank Securities. Classmates operates on online social networking service focused on connecting classmates and old acquaintances.