Internet Brands IPO cuts size and price of IPO

NEW YORK, Nov 15 (Reuters) - Internet Brands Inc on Friday cut the expected size and price for its initial public offering.

Internet Brands, in an amended prospectus with the U.S. Securities and Exchange Commission, said it now plans to sell 6 million class A shares for $8 each.

In an earlier filing, Internet Brands had filed to sell 9.57 million shares, and set a forecast range of $10 to $12 per share. The IPO was initially expected midweek, but failed to price on Wednesday and Thursday.

Underwriters, led by JPMorgan Chase (JPM.N) and Morgan Stanley (MS.N) have the option to purchase an additional 900,000 shares to cover overallotments.

The Los Angeles-based internet media company plans to list its shares on Nasdaq under the symbol "INET." (INET.O) (Reporting by Lilla Zuill, editing by Leslie Gevirtz)