20 JUN

Genealogy website Ancestry.com confidentially files for IPO

(Reuters) — Genealogy website Ancestry.com 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 Lehi, Utah-based company did not disclose the number of shares to be offered and the price range for the proposed offering.

The website helps people discover their history by tracing their family generations. It also provides personal DNA testing.

Last May, Ancestry.com said in a statement that U.S. private equity fund Silver Lake and Singapore’s sovereign wealth fund GIC Private Ltd had acquired minority stakes in a deal valuing Ancestry.com at about $ 2.6 billion.

(Reporting by Divya Grover in Bengaluru; Editing by Sandra Maler)

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.