Synacor Files for IPO

August 4, 2007


p. Seems good ol’ “Synacor(Synacor, Inc.)”: finally “decided to go public(Synacor Files for IPO: Financial News – Yahoo! Finance)”:

bq. NEW YORK (AP) — Synacor Inc., an Internet platform provider, filed for an initial public offering of its shares of common stock.
The Buffalo, N.Y.-based company plans to use the proceeds from the offering for working capital and other general corporate purposes. A portion of the proceeds may also be used to acquire other businesses, products or technologies.
In a filing with the U.S. Securities and Exchange Commission Thursday, Synacor did not disclose the number or expected price range of shares to be offered, but indicated that the proposed maximum offering price would be roughly $86.3 million.

p. If you have no idea why I’m writing about Synacor: They are the result of the merger between and *MyPersonal* (still clueless? See my “resumé”:

*Update*: _The company plans to raise $86 million through the sale of nearly 11.6 million shares_ (via “Business First of Buffalo”: That’s roughly $7.5 per share–it’s going to be interesting to see if they can raise that.