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Educational Software - Thursday, September 25, 2008

Parlez Vous's Rosetta Stone Files For $115M IPO As Wall Street Goes To Pot

rosetta.png How do you say "Are you High" in several languages? We can't understand why on Earth the folks who run Rosetta Stone decided that this is the perfect time to float an IPO. You have likely seen commercials on TV for Rosetta Stone, which sells a suite of software for language learning. There are plenty of competitors out there but Rosetta Stone raised the funding to market its software.

Arlington, VA's Rosetta Stone has filed for a $115M IPO and plans to trade on the NYSE as RST. Rosetta Stone was acquired in a 2006 management buyout by ABS Capital Partners which owns close to 50% of the firm and Norwest Equity Partners which owns close to 30%.

Its revenues increased to $83.3M in the six months ended June 30, compared with $59.5M the same period the previous year.


Michael Phelps pitches Rosetta Stone

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