Ancestry.com Owners Reportedly Weigh 2017 IPO of Genealogy Website

An article in the Bloomberg Markets web site reports that the owners of privately-held Ancestry.com are weighing an initial public offering of the company this year. The company’s owners, which include Permira and Silver Lake, have held talks with banks and are taking formal pitches from potential advisers who want to have a role in the offering, said the people, who asked not to be identified because the information is private.

No final decision has been made and the owners may opt to keep the business for now, the people said.

Ancestry earlier became a public corporation and operated as such for several years. Permira and Spectrum Equity then took company private in 2012.

The company had an enterprise value of about $2.6 billion last year, according to a statement at the time. The assumption is that the new asking price would be for a significantly higher value.

Details may be found at: http://bloom.bg/2mntRmd.

7 Comments

I thought ancestry.com was “owned” by the mormon church…Not?

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    —> I thought ancestry.com was “owned” by the mormon church…Not?

    Ancestry.com has never been owned by the Mormon Church.

    FamilySearch.org is owned by the Mormon Church, more formally known as the Church of Jesus Christ of Latter-day Saints.

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and if my memory serves me correctly, Family Search is now the current entity of what used to be known as the Genealogical Society of Utah or GSU.

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Perhaps a new owner will be more responsive to the needs of the subscribers? Nah. Just dreaming!

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I dunno. Would shareholders care about bad publicity from subscribers? Maybe they would!

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If they are worth as much as stated looks like it’s not so much interested in genealogy as it is in profit.

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When do they show their subcribers a break on renewals?

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