Rosetta Stone Sets IPO Terms

Rosetta Stone Inc., an Arlington, Va.-based provider of language learning software, has set its IPO terms to 6.25 million common shares being offered at between $15 and $17 per share. It would have a market cap of approximately $345 million, were it to price at the top of its offering range. Rosetta Stone plans to trade on the NYSE under ticker symbol RST, with Morgan Stanley and William Blair & Co. serving as co-lead underwriters. The company was acquired in a 2006 management buyout by ABS Capital Partners (44% pre-IPO stake) and Norwest Equity Partners (28.7%).