Ancestry.com. the world's largest family history website issued a registration statement regarding its common stock to the Securities and Exchange Commission. The site issued a statement regarding a proposal to offer the public secondary access to its common stock shares without diluting present outstanding shares. The website intends to buy back $25 million dollars of common stock shares in a private, price per share financial strategy this month due to present market conditions and stock pricing. Market experts regard the transaction as a potentially risky move with Acestry.com (ACOM) presently trading at $25.81 per share.
Acestry.com has over 1.4 million cutomers who access over 6 billion records offered by the site since 1996 within 9 countries. The site offers Mac and PC users unique access to birth, legal, and death records from hundreds of resources to allow subscribers to research their heritage, create a profile, build family trees, find archived photographs, and perhaps learn about themselves.