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Updated: 1:40 PM Apr 2, 2009
Rosetta Stone to File for IPO
Harrisonburg, Va. Rosetta Stone is going public.
Posted: 11:47 PM Apr 1, 2009 |
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Rosetta Stone is going public.
According to Reuters News Service the company will sell 6.25 million shares at $15 to $17a share in an initial public offering (IPO) sometime in April. The company filed for the IPO in September.
The sell-off is expected to yield $100 million for the company.
Last year, Rosetta Stone's revenues rose 52 percent. If the plan goes through, it will be the first language instruction company to be publicly listed.
In January, Rosetta Stone announced an expansion project in Harrisonburg expected to bring in 100 new jobs.
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