Apr 16, 2009

Rosetta Stone IPO

Language software maker Rosetta Stone IPO (RST) launched today and their stock sold at the higher end of the price range. 6.25 million shares were bought at $18, suggesting that there was strong demand for a piece of the language learning software market. In total, they raised $112m to fund their global expansion. Nice to see Rosetta raise the money in this environment.

Brady Lemos, an equity analyst at Morningstar, had this to say about RST:

"As a provider of educational software, Rosetta Stone is more resilient to economic slumps than many other software firms, in our opinion," Lemos said in a research note. "We think Rosetta Stone offers a relatively compelling value proposition (a typical three-level program costs about $500), particularly in a challenging consumer spending environment."
ACT360 is seeing the same kind of growth with our new TestDEN training bundles.

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