April was a reasonably quiet month for microstock news, but May was a lot more interesting!
IPOs, Investments and Rumours
There was a trio of microstock finance stories earlier this month starting with the Shutterstock IPO release. Regardless of your opinion on this story the prospectus document makes a really interesting read! Shutterstock plans to raise around $115 million through it's IPO.
This was followed by fiance firm KKR investing US$ 150 million in fotolia in return for a 50% stake in the company, in a "bid to consolidate the fragmented marketplace for licensing online digital images and videos".