Will Classmates.com Have A Successful IPO?

Classmates.com is preparing to be the first social network to ever file for an IPO. The company is expected to raise between $120 and $144 million when they go public. That’s pretty good for a company that lost close to $2 million last year and close to $8.2 million the year before. While it appears that the company is on track to soon move into the black, much of the money being raised will be used to pay of the significant debt that the company has amassed in growing their user base.