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Angie's List will be launching its IPO on |
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November 17th. |
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Released on Tuesday, November 8, 2011, 11:30 AM ET
Pittsburgh, PA (SpeculatingStocks) - Angie’s List is an Internet name that we’ve been hearing a lot about lately. Their TV ads are somewhat rampant and people have been going on AngiesList.com to check out local independent contractors and professionals.
Angie’s List is basically an online provider of consumer reviews on local services. They have spent a lot to build their brand and continue to spend a lot. The company is not yet profitable and reported a $43 million net loss on $62 million in revenue for the first nine months of 2011.
These are not good numbers at all, but Angie’s List has built up its brand pretty big, so we think it has a shot at turning profitable at some point.
The Angie’s List IPO is planned for November 17th, with 8.8 million shares expected to be priced between $11 and $13. This would give Angie’s List a market cap of more than $720 million. Seems a bit high right? Around 9 times sales and at that a company that is not profitable.
We don’t expect this one to pop as much as the Groupon IPO. Investors and traders will still probably go a bit crazy over Angie’s List shares.
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