Barnesandnoble.com, the online subsidiary of high street bookseller Barnes and Noble, hopes to cash in on the Internet IPO wave with the announcement today that it has filed to go public.
The company first tested the IPO waters last August, but instead opted to sell a 50 per cent stake in its online business to German media giant Bertelsmann.
Barnesandnoble.com will offer between 15 per cent and 20 per cent of its shares in a bid to expand its growing ecommerce business by investing in new systems and distribution initiatives, and to make acquisitions.
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