Deals
Ancestry.com Is Close to Hiring Banks for 2017 IPO
- Company is said to work with Morgan Stanley, Goldman, JPMorgan
- Permira, Spectrum took genealogy company private in 2012 LBO
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Genealogy website Ancestry.com is close to hiring banks to lead an initial public offering of the company this year, people with knowledge of the matter said.
The private equity-backed company is working with Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. as it plans for the IPO, which could give Ancestry.com a market value of more than $3 billion, said the people, who asked not to be identified because the information is private.