Internet Brands Files For $45M IPO

  • November 1, 2007
Holding company Internet Brands has filed for a $45 million initial public offering. The Idealab-backed company--which operates 45 Web sites including CarsDirect.com, Wikitravel.org and Loan.com--had a net loss of $2.5 million on revenue of $65 million for the first nine months of 2007. Last year, it reported revenue of $84.8 million. Among the risk factors associated with the IPO, Internet Brands noted that revenues from auto dealers and manufacturers--an important part of the company's consumer Internet business--have declined in recent quarters because of a downturn in the auto industry.
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