CafePress Files Registration Statement for Proposed Initial Public Offering
San Mateo, California-based CafePress Inc., parent company of industry supplier CafePress Pro, announced Friday that it has filed with the Securities and Exchange Commission a registration statement on Form S-1 for a proposed initial public offering. The IPO, managed by J.P. Morgan Securities LLC and Jefferies & Company Inc. and co-managed by Cowen and Company LLC, is expected to generate as much as $80 million according to The Washington Post.
According to the SEC filing, revenues for CafePress were down the past several years, with a $17 million drop between 2008 and 2009. The company's revenue for 2010 was $128 million, with $2.7 million in profit. CafePress did not disclose the expected price per share or how many shares it would issue.
For more information, visit www.cafepress.com.