Redwood City, Calif. • (650)-610-5200 • www.shutterfly.com
Exchange and Ticker: Nasdaq: SFLY
Filing Range: 5.8M shares @ $13 to $15
Offering Price: $15
Close on First Day: $15.60
Offering Size: $87.0M
Shares Outstanding: 23.6M
Underwriter: JP Morgan
Co-managers: Piper Jaffray Cos/ Jefferies & Co. Inc.
Company Counsel: Fenwick & West LLP
Manager Counsel: Simpson Thacher & Bartlett
Auditor: Pricewaterhouse Coopers LLP
Market Capitalization on 9/30/06: $367.2M
Close price at current month end: $15.60
The company is an online photo service designed to help customers get film-quality prints from their digital camera delivered right to their doors. The company provides customers with simple and fun ways to organize, enhance and archive images, share pictures with family and friends, order professional-quality prints and create an assortment of personalized items such as photo books, calendars and greeting cards. The company faces intense competition from a widerange online digital photography services companies such as Kodak EasyShare Gallery, Hewlett-Packard’s Snapfish and Sony’s ImageStation, Big Box retailers such as Wal-Mart and Costco, and companies that offer home printing solutions, such as HP, Epson and Canon.
Granite Ventures, Mitsubishi International Corp., Mohr Davidow Ventures, Sutter Hill Ventures, TI Ventures.