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Answers.com | Photo by Michael Stacy

Analyst: Late 2014 ‘Reasonable Time Frame’ For Answers IPO



Answers acquired three companies in 2013 and aims to be ready for an IPO by late 2014. | Photo by Michael Stacy
Answers acquired three companies in 2013 and aims to be ready for an IPO by late 2014. | Photo by Michael Stacy

After Answers acquired three companies in 2013, late 2014 seems like “a reasonable time frame” for the St. Louis-based company to go public, according to Anand Sanwal, chief executive of CB Insights.

Answers CEO David Karandish has said no timetable is set for his company to file an IPO. But he says much of next year will be spent integrating the newly acquired companies so that Answers, which runs a question-and-answer website, is ready to go public in late 2014.

Answers raised $300 million in equity and debt for its most recent acquisition, ForeSee, a Michigan-based analytics company. The ForeSee deal was valued at just more than $200 million.

Although an IPO is a possibility for the company, Sanwal said Answers has committed investors, so there is no reason Answers must go public in 2014.

Read more from the St. Louis Business Journal

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