Barnesandnoble.com, the New York-based online bookseller, plans an initial public offering. It hopes to raise approximately $300 million with the sale of 25 million shares (about 18% of the company) for $12 each. No date for the IPO has been set.
Barnesandnoble.com is jointly own by Barnes & Noble Inc. and Bertelsmann AG, a German media conglomerate. An earlier plan for an IPO was cancelled when Bertelsmann bought half of Barnesandnoble.com last August.
Network
