ValueVision Media is best known for its interactive shopping service ShopNBC, which is accessible on television, the internet and on mobile applications. Now you can own a piece of the company, which has 4.9M shares of common stock on the market at $3.75 a pop.
The company is expecting to raise $17M after expenses and underwriting deductions. Piper Jaffray & Co. is the sole underwriter.
If you’re interested, don’t wait. The offer is expected to close 12/22/10, subject to customary closing conditions.
The company released the following information pertaining to the offer:
“The offering is being conducted pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus supplement and the base prospectus relating to this offering may be obtained from Piper Jaffray & Co. at 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402, or by calling 1-800-747-3924.”
Describing just exactly what it is and does, the company stated, “ValueVision Media, Inc. (NASDAQ: VVTV) is an interactive retailer reaching customers via TV, online and mobile, utilizing the ShopNBC brand. The ShopNBC Network broadcasts nationwide into over 76 million homes. Over 1.1 million active customers have utilized ShopNBC in the categories of home, electronics, beauty, health, fitness, fashion, jewelry and watches. As part of the Company’s ‘ShopNBC Anywhere’ initiative, customers can interact and shop via cable and satellite TV, mobile devices and online at www.ShopNBC.com and www.ShopNBC.tv and social networking sites.