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Lulu.com Eyes C$50M Initial Public Offering – WSJ.com

January 7, 2010
By Michael Cader

While big publishers wring their hands over whether it’s ok to make money from self-publishing, the dedicated self-publishers continue to be on a roll. Bouncing back from cutbacks in late 2008, Lulu.com is reported to have retained Genuity Capital Markets and CIBC World Markets lead underwriters for an initial public offering later this year, apparently on the Toronto stock exchange. Dow Jones says they hope to raise $50 million (Canadian) in capital. When forced to cut staff previously, founder Bob Young blamed “the credit and capital markets [as] frozen solid.”Dow Jones

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Filed Under: eNews, Finance

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