April 2nd, 2009
SEC filing: Rosetta Stone to file IPO
Rosetta Stone, the well-regarded language instruction company plans to file an initial public offering this month, the first VC-based IPO in about six months, according to a report in the Washington Post.
The company plans to offer 6.25 million shares of common stock, priced between $15 and $17 per share and could raise as much as $106 million.
The company’s growth plans include new online services, as well as an overseas expansion. It said it also hopes to sell industry-specific language training to corporate clients.
According to its SEC filing, the company reported a profit of $13.9 million in 2008, up from $2.3 million the year before. Revenue was also up last year at $209.4 million, compared to $137.3 million in 2007.
Sam Diaz is a senior editor at ZDNet. See his full profile and disclosure of his industry affiliations.
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