Internet Brands, Inc. Prices Initial Public Offering of Class A Common Stock
El Segundo, CA - November 19, 2007 - Internet Brands, Inc. (NASDAQ: INET) announced today the pricing of its initial public offering of 6,000,000 shares of its Class A common stock at a price of $8.00 per share. The Company is offering 2,350,115 shares of Class A common stock and selling stockholders are offering the remaining 3,649,885 shares. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 900,000 shares of Class A common stock at the initial public offering price to cover over-allotments, if any. The Company will not receive any of the proceeds from the sale of shares by the selling stockholders.
Shares of the Company's Class A common stock will trade on the Nasdaq Global Market under the symbol "INET."
Thomas Weisel Partners LLC is acting as sole book-running manager for the offering, with Jefferies & Company, Inc. acting as co-lead manager.
Copies of the final prospectus relating to the offering may be obtained from Thomas Weisel Partners LLC at One Montgomery Street, San Francisco, CA 94104, (415) 364-2720.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on November 16, 2007. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.