San Francisco-based PlanetOut Inc. Thursday announced an initial public offering of 4,650,000 shares of its common stock at $9.00 per share. PlanetOut has also granted the underwriters an option to
purchase an additional 697,500 shares of common stock to cover any over-allotments. SG Cowen & Co. is the sole book running manager for the offering, with RBC Capital Markets as the co-lead manager
and WR Hambrecht + Co acting as the co-manager of the offering. PlanetOut had originally planned to go public on August 12, but pulled the IPO because of weak market conditions at the time.
