Genealogy website Ancestry.com Inc on Monday said it had confidentially submitted a draft registration statement on a proposed initial public offering (IPO) to the U.S. Securities and Exchange Commission. The company did not disclose the number of shares to be offered and the price range for the proposed offering.
Last May, Ancestry.com said in a statement that the company was valued at about $2.6 billion. We can probably assume today’s price is higher. However, the draft registration statement is confidential so today’s expected price is still not known.
Here is the official announcement from Ancestry, Inc. (which seems to be very brief):
LEHI, Utah, June 19, 2017 — 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.