Woodland Hills, Calif. - Classmates Media, a unit of United Online that operates an online social network focused on reuniting schoolmates, expects to raise $117.7 million in its forthcoming initial public offering, Reuters reported, citing a regulatory filing.

The company plans to sell 12 million shares priced between $10 and $12.

Founded in 1995, Woodland Hills, Calif.-based Classmates Media claims over 50 million registered users and 3 million paying subscribers.

In addition to Classmates.com, the company also operates MyPoints, an online loyalty marketing service that claims 8.8 million registered members.

The company's shares will be listed on the Nasdaq under the symbol "CLAS."

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http://biz.yahoo.com/ap/071126/classmates_media_ipo.html (Reuters)

http://www.classmates.com