Classmates’ IPO Not Expected To Change Things

SEEKING ALPHA -- Sep 19 -- Classmates.com is about to go public. Being the first Web 2.0 site to try the IPO route, it’ll probably sell. The fact that it’s lost money since 2004 doesn’t bode well. And once they close on their $125 million IPO, pay the 6% IPO commission, and cover about $2 million in assorted fees, they’ll have about $115 million left over to try to grow the business. Too little, too late. FULL ARTICLE @ SEEKING ALPHA