Monotype Will Raise $60 Million in Secondary Offering

Wade Roush6/13/08

Monotype Imaging (NASDAQ: TYPE), the Woburn, MA-based maker of electronic fonts and text imaging software that went public last summer, announced last night that it’s planning a secondary public offering of 5 million shares of its common stock at $12.00 per share. The 170-employee company, the creator of famous fonts such as Times New Roman and Arial, competes with San Jose, CA-based Adobe Systems and Cambridge, MA-based Bitstream in the market for digital typefaces and software for text rendering on computers.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @