Wednesday, March 10, 2010

ANCESTRY.COM RAISES $100 MILLION IN IPO

Genealogy Web site Ancestry.Com has succeded in raising $100 million in it's initial public offering. With more than a million paying subscribers, little competition, a small debt load and a record of increasing revenue, it is fared better than IPO'S that recently priced below their filing ranges.

The Provo, Utah - based company, which is the world's largest online resource for birth certificates and marriage records.

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