Angie’s List to IPO

Have you seen all those tv ads for Angie’s List? Well, apparently they are working. I have a friend who used Angie’s List to find a subcontractor in Boston…and that was before I saw the ads. Her mention of Angie’s List was the first time I heard of them.

Angies_list

Fast forward. Angie’s List will go public via an IPO on November 17, before Thanksgiving. Angie’s List, based in Indianapolis (how about those Midwest IPOs? Groupon, based in Chicago just went public.), plans to raise $114 million+/-.  It’s not profitable, due to significant marketing costs, but it’s growing like gangbusters and needs money to fuel that growth (and pay off/release some of their investors).

So keep your chin up. There’s hope for your business’ funding.

Advertisements

About Tiffany C. Wright - The Resourceful CEO

Tiffany C. Wright is the author of “The Funding Is Out There! Access the Cash You Need to Impact Your Business” and “Solving the Capital Equation: Financing Solutions for Small Businesses.” She is the founder of The Resourceful CEO, which helps owners of small/medium-sized businesses prepare their businesses for sale. Tiffany has an MBA from the Wharton School of Business, sits on non-profit boards and serves as a business mentor with the Cherie Blair Foundation.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s