Thursday, March 15, 2012

CafePress Sets IPO Pricing Range

Moving one step further towards its IPO, San Mateo-based CafePress said Thursday in a filing that it now expects its initial public offering to price between $16.00 and $18.00 per share. CafePress is planning on selling 4,500,000 shares of its common stock on the NASDAQ Global Market as "CPRS". CafePress operates an online service which allows people to upload their own designs and create their own custom T-shirts and other products. The firm's IPO is being underwritten by J.P. Morgan, Jefferies, Cowen and Company, Janney Montgomery Scott, and Raymond James. The firm's investors are Sequoia Capital, Stratim Capital Funds, and Institutional Venture Partners.