Rosetta Stone IPO a Success

Brent Finnegan -- April 17th, 2009

The Washington Post reports that Rosetta Stone’s foray onto Wall Street went well.

[Rosetta sold] 6,250,000 shares at an initial public offering price of $18 and watched the stock trade as high as $26.27 before closing at $25.12 …

[Rosetta chief executive Tom] Adams praised his company’s latest software for its success. Rosetta launched a new version of instructional language software in 2007, and that “really took things to the next level,” he said. Revenue increased from $137.3 million to $209.4 million last year, and profit increased from $2.58 million to $13.9 million … Rosetta is one of a small handful of companies recently breaking what has been a very dry spell for public offerings; it had been a year since a Washington area firm had gone public.

…and Harrisonburg. Washington and Harrisonburg-based.

Thanks to hburgnews reader Grant for bringing the Post report to my attention.

11 Responses to “Rosetta Stone IPO a Success”

  1. Justin says:

    If I were a rich man…

  2. Bubby says:

    Congratulations to Rosetta Stone – what a gem!

  3. zen says:

    All thanks to Michael Phelps.

  4. Great! Maybe they can use some of that money to create those 100 new Harrisonburg-based jobs sooner rather than later. Wonder how that’s going?

  5. This is good news, and I suspect that funding the expansion in Harrisonburg is high on the list of things that the money being raised is intended to be used for. So, this is unequivocally good news for Harrisonburg, however long it takes for the money to start showing up in the form of more jobs at RS around here.

  6. Bubby says:

    I’m pretty sure the people that are re-habbing their new building downtown are being paid (and are spending money in Harrisonburg). But the people that are going to work there will probably want to wait until the work is finished before they move in.

  7. Emmy says:

    Yeah they’re doing a whole lot of work to that building, so I think that’s coming along just fine.

  8. Renee says:

    Great! Glad to hear it went so well!

  9. seth says:

    they got mentioned a few times on chelsea lately this evening!!!
    (i’m an avid viewer)

  10. Renee says:

    haha really? i’ve seen that show – were they the butt of a crude joke or something?

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