Rosetta Stone Files For IPO (RST)

Amid growing evidence of the ongoing democratization of learning, out of the classroom and into the hands of self-paced students around the world, Rosetta Stone, a product-based language learning software focused on the US, has grown revenue from $15.5 million in 2003 to $137.3 million in 2007. This week the company filed with the SEC to take the company public in an IPO. The public filings suggest a sale of up to $115 million in securities. The company has applied for the ticker “RST” on the NYSE. The offering will be underwritten by Morgan Stanley, William Blair, Jefferies, Piper Jaffray, and Robert W. Baird. 

-jim pickell