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Leaf Group Raises $23.3M In Stock Offering

Santa Monica-based Leaf Group, which runs such businesses as Saatchi Art, Society6, EHow, and Livestrong, has raised $23.3M via a registered public offering of its public stock. The company, which trades publicly on the NYSE on LFGR, said the funding will go towards working capital and general corporate purposes, and possibly may also be used to acquire or invest in complementary businesses, products and technologies.