Financial Information
Angie's List estimated that its annual revenue in 2008 was $58 million, generated primarily through advertising in its newsletter and membership fees. Angie's List has not published its annual expenses or net income.
Membership fees are based on location. For example, Angie's List reported the following annual membership fees as of 4 December 2009:
- Charlottesville, Virginia — $10
- Stamford, Connecticut — $32
- Beverly Hills, California — $36.25
- Pompano Beach, Florida — $47
In 2010, Angie's List raised a total of $25 million in capital from investors. In September 2010, Wasatch Funds and Battery Ventures invested $22 million. In November 2010, Saints Capital led an additional funding of $2.5 million.
On November 17, 2011, Angie's List began trading on the NASDAQ exchange under the ticker symbol ANGI. It priced 8.8M shares at $13 and opened for trading at $18, a 33% premium.
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