Indianapolis-based Angie’s List Inc. has filed to offer up to $75 million of its common stock, including $10 million
to be sold by the company and the rest by shareholding officers.
Funds from the public offering will be used to finance the company’s advertising campaign to drive membership growth
and for general corporate purposes, including working capital, the company said on Tuesday.
The Securities and Exchange Commission filing does not list a selling price or which officers will sell shares. Officers
own 46 percent of company shares.
Angie’s List said in the filing that the offering will help increase its “public float.” Too many shares
owned by officers makes it more difficult to have an active market for buyers and sellers of a company’s stock.
Angie’s List staged its initial public offering in mid-November, raising $114 million. The company sold 8.8 million
shares for $13 each. The stock traded as high as $18.75 on the opening day but since has fallen back to the $13 range.
The company provides online consumer reviews of plumbers, electricians and other service providers.
Angie’s List lost nearly $13.5 million in the first three months of 2012 on revenue of $31.1 million.

















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HERE! BUY OUR STOCK! We promise to make your money disappear into advertising and our pockets.
Angie's List: A Pump To Short Before The Dump
http://seekingalpha.com/article/510171-angie-s-list-a-pump-to-short-before-the-dump
Only $10 million of the offering is going to corporate purposes.
If you read the SEC filing, all of the proceeds go into insider pockets and dilute current shareholders market value.
http://www.forbes.com/sites/ericsavitz/2012/05/01/angies-list-insiders-plan-big-stock-sales-in-offering/