Utah-based Ancestry.com to go public

Utah-based Ancestry.com to go public

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SALT LAKE CITY (AP) -- Provo, Utah-based Ancestry.com Inc. has filed a registration statement with the SEC proposing an initial public offering of some of its shares.

The genealogy Web site is seeking approval to sell $75 million in stock. The company did not give a date for the proposed IPO. It filed for permission on Monday.

The company says it earned $8.1 million in the first half of the year on revenues of nearly $100 million.

Founded in 1984 as Ancestry Publishing, the company started out publishing books to help genealogy buffs research family lineage and moved to Web-based documents and tools.

With more than 600 employees, Ancestry.com was spun off from The Generations Network, a group of businesses offering other Web tools, DNA testing services and Ancestry magazine.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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