IPO Updates . . . Value Set at $3 Billion?

Ancestry has announced the postponement of its planned Initial Public Offering due to the departure of long time CEO Tim Sullivan.

This morning the financial news service Bloomberg reports that “. . . Genealogy website is close to hiring banks to lead an initial public offering of the company this year.”

Included in the article is the first estimate as to the possible value of the Initial Public Offering: $3 Billion USD. There is no estimated date for the IPO.

See Is Close to Hiring Banks for 2017 IPO, dated 19 July 2017.


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About the Author

Thomas MacEntee
Genealogy educator and author Thomas MacEntee has been researching his family history for more than 40 years and is the creator of Abundant Genealogy, Genealogy Bargains, DNA Bargains, The Genealogy Do-Over and numerous other web-based genealogy and family history properties.