Stocks, SPOs, IT

Monotype Files for SPO

Rebecca Zacks 4/2/08

After a somewhat underwhelming IPO back in July, Woburn, MA-based Monotype Imaging (NASDAQ: TYPE) has filed for a secondary offering of up to 6.9 million shares. Proceeds from the stock sale could total some $101 million and will go to selling stockholders of the text-imaging firm, including TA Associates Funds, which is offering 5.2 million of the 17 million Monotype shares that it currently holds.