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Gay Online Media Firm PlanetOut Files for $74.9 Million IPO

Authored by Mark Hefflinger on July 16, 2004 - 5:20am.
San Francisco, Calif. -- PlanetOut, an Internet media company focused on the lesbian, gay, bisexual and transgendered communities, has set the terms of its upcoming initial public offering (IPO). The company said that it plans to raise about $74.9 million by selling 4.65 million shares at $12-$14 each. The company, which originally filed for the IPO in April, said that it has a community of 3.3 million active members. It operates a network of web sites, including Gay.com, PlanetOut.com, Kleptomaniac.com and Out and About travel.
http://www.planetout.com

tags: Internet | IPO | PlanetOut | Gay |

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