New York City-based online community provider theglobe.com, inc. today announced it filed for an initial public offering of up to $50 million in common stock with the Securities and Exchange Commission (SEC).
A Registration Statement concerning the IPO was filed with the SEC but it has yet to become effective.
A spokesperson from theglobe.com refused to comment about how the company plans to use the proceeds generated by the offering.
Offerings also include chat, e-mail and an e-commerce area. Content includes news, weather, movie and music reviews, multi-player gaming, horoscopes and personal ads.