By IPOdesktop:

Based in Chicago, IL, Professional Diversity Network (IPDN) scheduled a $ 20 million IPO with a market capitalization of $ 61 million at a price range mid-point of $ 11 for Tuesday, March 5, 2013.

Two IPOs are scheduled for the week of March 4. The full IPO calendar is available here.

S-1 filed February 13, 2013.

Manager, Joint Managers: Aegis Capital
Co Managers: Merriman Capital.

SUMMARY
IPDN is in the recruitment and advertising business for diverse minorities. Its exclusive partnership with Monster Worldwide (MWW), $ 569mm market cap, terminated December 31, 2012.

IPDN has a new non-exclusive relation with LinkedIn (LNKD), which started January 1, 2013.

The most recent financials are for the nine months ended September 2012, so they are in essence out-of-date, and also not relevant because IPDN’s marketing relationships changed December 31, 2012.

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