Cafe Press Inc. Announces IPO Stock Prices
Yesterday, CafePress Inc. announced a price for their shares in their upcoming initial public offering (IPO). 4,500,000 shares will be offered at $19 per share and will be available on the Nasdaq Global Select Market beginning on March 29, 2012 under the ticker symbol “PRSS.”
J.P. Morgan Securities LLC and Jefferies & Company, Inc. are listed as joint book-running managers for the offering. Cowen and Company, LLC, Janney Montgomery Scott LLC and Raymond James & Associates, Inc. are listed as co-managers.
“CafePress is The World’s Customization EngineTM. Launched in 1999, CafePress empowers individuals, groups, businesses and organizations to create, buy and sell customized and personalized products online using the company’s innovative and proprietary print-on-demand services and e-commerce platform. Today, CafePress’ portfolio of e-commerce websites include CafePress.com, CanvasOnDemand.com, GreatBigCanvas.com, Imagekind.com, and InvitationBox.com.”