Shutterstock shares pop after $76.5 million IPO

Oct 11, 2012

(AP)—Shares of Shutterstock are up 30 percent Thursday after the Internet provider of stock photos and videos raised $76.5 million in its initial public stock offering.

The New York company sold 4.5 million shares for $17 each, above the expected range of $13 to $15. That had suggested there was already strong demand for its stock.

Trading on the under the "SSTK" ticker symbol, shares are up $5.12 to $22.14.

Explore further: Apple counters talk it will shut Beats music service (Update)

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Zynga holders plan to sell up to $400M in stock

Mar 14, 2012

Zynga shareholders may sell up to $400 million of stock through a public offering, three months after the online game maker went public, to try to avoid a drop in its stock price.

Recommended for you

Daily that challenged LA Times shuts down

9 hours ago

The Los Angeles Register, a newspaper launched earlier this year to challenge the region's dominant Los Angeles Times, announced Tuesday it was shutting down.

User comments : 0