Egreetings to Raise $75 Million in IPO
Egreetings Networks, San Francisco, has filed with the Securities and Exchange Commission to raise as much as $75 million in an initial public offering. It will use the money to ramp up its sales and marketing efforts, expand its architecture and brand-building activities as well as acquire content.The company's Web site has 4,400 digital greeting cards, which include graphics, animation and music, that consumers can personalize and send free of charge.
