Photo site Shutterfly sees seesaw IPO

Editor | September 29th, 2006

Shares of Redwood City Internet photo company Shutterfly rose as high as 11.5 percent in their market debut today, but then lost most of the gain by the end of the day (as of this writing).

The 5.8 million share offering raised $87 million on Thursday, pricing at $15, the top of a $13 to $15 forecast range. Shares rose to $16.73 earlier, but then declined to just above $15.

The offering price gave the company a market value in excess of $354 million.

The company raised around $67 million in backing Mohr, Davidow Ventures, Sutter Hill Ventures, Granite Ventures and Jim Clark’s Monaco Ventures.

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  1. September 29th, 2006
    5:29 pm

    Techcrunch » Blog Archive » Shutterfly takes photo printing to the bank in IPO said:

    [...] Online photo sharing and printing service Shutterfly raised $87 million in an IPO today, closing up 3.7% at $15.55 per share. VentureBeat points out that the price climbed as high as $16.73 at one point in the day. [...]

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  3. September 30th, 2006
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    TechCrunch Japanese アーカイブ » Shutterfly、株式上場で写真プリントサービスを現金化 said:

    [...] オンライン写真共有・プリントサービスのShutterfly は今日(米国時間9/29) $87M（8700万ドル）を株式公開によって調達した。引け値は3.7%アップの1株$15.55。VentureBeat の記事によると、株価はこの日一時 $16.73 まで上がった。 [...]

  4. September 30th, 2006
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    Shutterfly: The online photo sharing Co. shares soar 11 percent on IPO « Web 2.0 & SEO Tools said:

    [...] Online photo sharing and printing service Shutterfly raised $87 million in an IPO today, closing up 3.7% at $15.55 per share. VentureBeat points out that the price climbed as high as $16.73 at one point in the day. Shutterfly started business in 1999 and since then has posted about 1 billion photos on its Web photo storage site, filling 12 million customer orders, according to the prospectus of the stock offering. It also has printed 370 million photos. [...]

  5. October 11th, 2006
    8:21 am

    Shutterfly takes photo printing to the bank in IPO » JenIT said:

    [...] Online photo sharing and printing service Shutterfly raised $87 million in an IPO today, closing up 3.7% at $15.55 per share. VentureBeat points out that the price climbed as high as $16.73 at one point in the day. [...]