Angie’s List, a website that matches consumers with contractors and other service providers, is getting closer to becoming a public company. Based on a filing with the Securities and Exchange Commission on Wednesday, the company said it plans to issue 8.8 million shares at $11-$13 each. The offering is slated to trade on the Nasdaq with the symbol ANGI.
Angie’s List had originally announced its IPO plans in August.
Assuming the stock trades at $13, the company’s value would total $722 million. However, if there is a first-day trading pop in the stock, it wouldn’t be a stretch to see it reach $1 billion. Read