CafePress, Inc. announced the pricing of its initial public offering (IPO) of 4.5 million shares of common stock at a price to the public of $19.00 per share. The shares are expected to begin trading on The Nasdaq Global Select Market on March 29 under the symbol PRSS.
Of the shares of common stock in the offering, CafePress is offering 2.5 million shares and selling stockholders are offering 2 million shares. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to 675,000 additional shares of common stock to cover over-allotments, if any.
CafePress users can create, buy, and sell customized and personalized products online using the company's print-on-demand services and ecommerce platform. CafePress' portfolio of ecommerce websites includes CafePress.com, CanvasOnDemand.com, GreatBigCanvas.com, Imagekind.com, and InvitationBox.com.