Shutterstock goes public
By Andrew Hudson Published: October 11, 2012 Updated: June 27, 2016
Stock-photo leader Shutterstock, Inc. successfully went public on Oct 11, 2012. The company raised $76.5 million by selling 4.5 million shares at $17 each. Two weeks later (Oct 25, 2012), the price was up to $23.74.
“I am pleased to announce that today Shutterstock will officially list on the New York Stock Exchange as a publicly traded company, under the ticker symbol SSTK. This milestone marks the first time in more than two years that a New York City-based technology company has completed an initial public offering (or IPO).
The road to our IPO has been an exciting journey, one that began almost exactly nine years ago, with 30,000 of my own photographs. Today, Shutterstock showcases more than 20 million high-quality images and video clips from over 35,000 talented artists.”
— Jon Oringer, October 11, 2012
See, there is money in microstock.
Sources: Shutterstock press releaseNext page: Mixbook debuts Mosaic