Shutterstock Raises $76.5 Million in IPO

Posted on 10/12/2012 by Jim Pickerell | Printable Version | Comments (0)

Shutterstock has raised $76.5 million by selling 4.5 million shares at $17 each. This was above the expected price range of between $13 and $15 per share. Today, the stock is trading on the New York Stock Exchange under the symbol “SSTK” at $22 per share.

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Copyright © 2012 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz
Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

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