We now have more details about the proposed initial public offering of CafePress Inc. The company has applied to list its common stock on The NASDAQ Global Market under the symbol “CPRS.” This remains one of our Top 17 IPOs To Watch in 2012.
CafePress is a e-commerce platform which allows users to create, buy and sell a wide variety of customized and personalized products on items like shirts, coffee mugs, hats, and all sorts of other consumer products and consumer goods. In short, it offers customized products that are individually built to order at mass scale.
In 2010, CafePress generated revenues of $127.9 million, and that figure grew by 37% in 2011 to $175.5 million. For the year ended December 31, 2011, the company had nearly 130,000 new images uploaded to its retail e-commerce websites on average per week.
CafePress’ book-runners are J.P. Morgan and Jefferies; co-managers are listed as Cowen and Company, Janney Montgomery Scott, and ThinkEquity.
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