Earlier today, Ancestry.com issued the following brief press release:
LEHI, Utah, June 19, 2017 (GLOBE NEWSWIRE) — Ancestry, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Ancestry.com Valued at $2.6 Billion?
According to a recent (March 2017) article at Bloomberg (Ancestry.com Owners Weigh 2017 IPO of Genealogy Website), Ancestry.com was given a value of $2.6 Billion USD as of 2016. Certainly given the surge in interest in DNA testing and a huge increase in sales of AncestryDNA, the value will likely by much higher.
Stay tuned for more news and analysis from fiancial market experts as to what this will mean for the genealogy industry.
Disclosure statement: I have material connections with various vendors and organizations. To review the material connections I have in the genealogy industry, please see Disclosure Statement.
©2017, copyright Thomas MacEntee. All rights reserved.