(Catalog Age) Gifts cataloger RedEnvelope is going public. The San Francisco-based company filed with the Securities and Exchange Commission for an initial public offering of as much as $41 million in common stock.
In its preliminary prospectus RedEnvelope did not specify how many shares it plans to offer or estimate a price for the proposed offering. The company did say it would be registered on the Nasdaq exchange with the symbol REDE. W.R. Hambrecht & Co. will underwrite the initial offering.
Ken Packer, managing partner of Waukee, IA-based Financial Advisory Partners, believes that Red Envelope
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