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Shutterstock Inc Sees IPO Priced At Between $13-$15 Per Share-Reuters

Thursday, 27 Sep 2012 08:43am EDT 

Reuters reported that Shutterstock Inc plans to sell 4.5 million shares in its Initial Public Offering (IPO) at between $13 and $15 each. The Company would raise $67.5 million at the top of this range, much below the up to $115 million it filed to raise in May. The amount of money a company says it will raise in its first filing is used to calculate registration fees and is often a placeholder, with the actual proceeds being different. The Company, which will have a market value of $493 million at the top-end of the expected price range, plans to list its stock on the New York Stock Exchange under the symbol "SSTK". Morgan Stanley, Deutsche Bank Securities and Jefferies are lead underwriters for the IPO. 

Company Quote

1.25 +1.80%
29 Aug 2014