Since 2003, the company has grown from a small, family-owned business with $10 million in annual revenue and 90 full-time employees into a 1,200-employee operation with first-quarter revenue this year of $50.3 million.
Rosetta Stone’s shares have recently traded above $27 (shares went out initially above the estimated range of $15 to $17 and raising $112.5 million). The wildly successful offering sent a message of good news worldwide for privately owned companies.
Did Tom Adams take a calculated risk? Find out here where Lora Kolodny with The New York Times recently spoke with Mr. Adams about his decision.
Original entry about about Rosetta Stone and its interest to grow global can be found here (4/23/09).