Ancestry.com close to hiring banks for IPO this year: sources
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New York
GENEALOGY website Ancestry.com, which counts Government of Singapore Investment Corp (GIC) as an investor, is close to hiring banks to lead an initial public offering of the company this year, people with knowledge of the matter said.
The private equity-backed company is working with Morgan Stanley, Goldman Sachs Group Inc and JPMorgan Chase & Co as it plans for the IPO, which could give Ancestry.com a market value of more than US$3 billion, said the people, who asked not to be identified because the information is private.
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