Cafepress Files For An IPO

Posted Jun 11, 2011

Cafepress has filed for an IPO. Cafepress is an online merchandise company for people to buy, sell, and design products. Some of the products include T-shirts, hats, bags, bumper stickers, etc. Cafepress filed for an S-1 and plans to raise about $80 million in their IPO.

Cafepress launched in 1999 and had about 2 million customers in 2010. Cafepress also received 2.7 million orders in 2010. Cafepress has about 325 million unique products available for sale. Cafepress reported $128 million in 2010 revenues and $2.7 million in profits. Cafepress reported $32 million in Q1 2011, but had an $831,000 loss.

[TechCrunch]