Tag Archives: Shutterstock
Shutterstock Files For $115 Million IPO
Stock image website Shutterstock.com has announced that they have filed a Form S-1 with the Securities and Exchange Commission (SEC). Shutterstock proposed an IPO with a maximum offering price of $115 million. The company is working with Morgan Stanley, Deutsche Bank Securities, and Jefferies as their IPO bookrunners. RBC Capital Markets, Stifel Nicolaus Weisel, and William Blair will be co-managers of the deal.
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Categories Jeff Epstein, Jonathan Miller, Shutterstock, Steven Berns, Thomas Evans
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Shutterstock Acquires BigStockPhoto
Shutterstock is planning to buy out BigStockPhoto, a stock photo website as they plan to introduce new payment methods. The financial details were undisclosed. BigStockPhoto allows users to buy individual photos by purchasing credits. Shutterstock is subscription-based. BigStockPhoto and Shutterstock allows users to upload photos. This is the second stock photo acquisition that happened in the last year. Last year Jupitermedia was bought out by Getty Images for $96 million.
Categories BigStockPhoto, Shutterstock
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