Job board operator Dice Holdings Inc. expects to raise $200.4m in its initial public offering of 16.7m shares, according to a filing with the U.S. Securities and Exchange Commission. The company will sell 6.7m shares anticipated to be priced at $11 to $13 in the IPO.
A group of stockholders, including private equity firm General Atlantic LLC and investment firm Quadrangle Group LLC, will sell the remaining 10m shares. Proceeds would be used to repay $32m in outstanding debt and for working capital and general corporate purposes. It would trade on the New York Stock Exchange under the symbol DHX. Dice had revenue of $83.7m in 2006 and net income of $6.8m, and reported a loss to common shareholders of $4.4 million. In addition to its flagship information technology job board, Dice operates online job boards for finance, accounting and U.S. government security cleared jobs.
Source(s): Staffing Industry