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Search - Wednesday, April 4, 2007

DICE To Do $100M IPO

Dice Holdings Inc., which publishes career Web sites primarily for techs plans a $100M. The company operates Dice.com for technology and engineering jobs, Jobsinthemoney.com for accounting and finance, and ClearanceJobs.com for U.S. government security clearances. It also operates eFinancialCareers.com for capital markets and financial services professionals in the UK and CybermediaDice.com for techs in India.

Credit Suisse, Morgan Stanley, JPMorgan, Lehman Brothers and Jefferies will underwrite the IPO on the New York Stock Exchange.

Details such as the number of shares or an estimated price range per share were not disclosed. The company said its revenues had more than doubled to $87.1M in 2006 from $35.8M in 2004.

Its competitors include general Monster.com, Yahoo's Hotjobs.com and CareerBuilder.com, Craigslist, LinkedIn, as well as newer services like Indeed and Jobster.

General Atlantic Partners holds 32.4%. In July 2005, General Atlantic and Quadrangle Group acquired the equity of Dice.com for approximately $200M.

Founded in 1990, Dice has its HQ in Urbandale, IA. The company was previously named EarthWeb. The founders sold off parts of the business, as well as the EarthWeb name, in late 2000 and 2001 to Internet.com, now known as Jupitermedia. In 2001, the name of the company changed from EarthWeb to Dice. President & CEO Scot Melland has run the company since April 2001. Prior to joining the Company, he was CEO of Vcommerce.