Internet-based print shop iPrint.com has filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock worth up to $50m. The Redwood City, California-based company has yet to determine how many shares it will sell or at what price. All of the shares will be offered by iPrint.com, and all proceeds will represent new financing.
Credit Suisse First Boston will act as the lead underwriter of the offering, which will be co-managed by BancBoston Robertson Stephens and US Bancorp Piper Jaffray. In its filing, the company said its proposed ticker symbol on the Nasdaq is IPRT. iPrint has 135 employees and booked a net loss for 1998 of $2.3m on revenue of $566,000. In the first nine months of the current year, net loss was $6.7m on revenue of $1.8m.
