CafePress Inc. Announces Pricing of Initial Public Offering of Common Stock

LOUISVILLE, Ky. and SAN MATEO, Calif., March 28, 2012 (GLOBE NEWSWIRE) -- CafePress Inc. (Nasdaq:PRSS) today announced the pricing of its initial public offering of 4,500,000 shares of common stock at a price to the public of $19.00 per share. The shares are expected to begin trading on The Nasdaq Global Select Market on March 29, 2012 under the symbol "PRSS." Of the shares of common stock in the offering, CafePress is offering 2,500,000 shares and selling stockholders are offering 2,000,000 shares. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to 675,000 additional shares of common stock to cover over-allotments, if any.

J.P. Morgan Securities LLC and Jefferies & Company, Inc. are acting as joint book-running managers for the offering.  Cowen and Company, LLC, Janney Montgomery Scott LLC and Raymond James & Associates, Inc. are acting as co-managers.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on March 28, 2012. This offering is being made solely by means of a prospectus, copies of which may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by phone at +1-866-803-9204; or from Jefferies & Company, Inc., 520 Madison Ave., 12th Floor, New York, NY 10022, Attn: Equity Syndicate Prospectus Department, by calling +1-877-547-6340 or by emailing Prospectus_Department@Jefferies.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About CafePress [PRSS]:

CafePress is The World's Customization Engine^TM. Launched in 1999, CafePress empowers individuals, groups, businesses  and organizations to create, buy and sell customized and personalized products online using the company's innovative and proprietary print-on-demand services and e-commerce platform. Today, CafePress' portfolio of e-commerce websites include CafePress.com, CanvasOnDemand.com, GreatBigCanvas.com, Imagekind.com, and InvitationBox.com. 

The CafePress logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12183

CONTACT: Investor Contact:

         The Blueshirt Group

         Alex Wellins

         415.217.5861

         alex@blueshirtgroup.com

         

         Media Contact:

         Kim Hughes

         The Blueshirt Group

         415.516.6187

         kim@blueshirtgroup.com

Close window | Back to top

• delicious
• Digg
• Facebook
• LinkedIn
• Mixx
• Twitter
• Yahoo! Buzz