Classmates.com planning an initial public offering

Classmates.com planning an initial public offering

Classmates Media Corp. has now asked the US Securities and Exchange Commission to give them the permission to launch an initial public offering.

This IPO would be for stock valued from 120 to 144 million dollars. They are operators of the popular online social networking service Classmates.com.

The company started operating in 1995 and has other properties including MyPoints and StayFriends.

Classmates Media said in its filing that they are planning to make available 12 million shares priced from 10 to 12 dollars per share.

Market analysts believe that this launch would give a preview of what would happen when and if bigger services like Facebook and MySpace launch their IPOs.