netLibrary files for IPO
netLibrary has filed to raise over $82M in an IPO. Assuming the IPO goes ahead, it will make netLibrary the first ebooks-based company to join the NASDAQ.
According to netLibrary they now have over 28,000 titles online, and have sold more than 160,000 copies. Their plan includes the offering of US$82,225,000 of shares and to list under the EBKS symbol.
netLibrary cite Andersen Consulting study that projects revenue for ebook as $1-3.4 billion by 2005. According to our research netLibrary appears to be referring to the AAP Andersen Consulting eBook Study: The Future of eBook Publishing which is currently being distributed on the Association of American Publishers site here:
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