USAToday.com, is reporting that Art.com, a leading online seller of prints, posters, frames and canvas, is discuss plans for a possible initial public offering (IPO) next year
If Art.com’s IPO plans work out, it will likely try to go public toward the end of 2014.
“A surge in Internet stocks this year and the successful Twitter IPO has many private technology companies raising money or mulling a public listing. Alibaba, the giant Chinese e-commerce company, is expected to go public in the U.S. next year, while other companies including Box and GoDaddy have either hired banks to advise on an IPO or expressed interest in pursuing a listing.”
Like GoDaddy, Art.com has been around for many years by Internet standards.
Art.com was founded in the late 1990s and was rumored to be interested in an IPO in 2007, but the 2008 financial crisis likely quashed those aspirations.
In early 2010, the company announced record annual profit for 2009 on sales of more than $140 million. It calls itself “an ambitious pre-IPO company,” in the careers section of its website.
Art.com investors include venture capital firms Polaris Partners and Benchmark.
Polaris first invested in Art.com in 2004.”