Financing, design, public offerings

Monotype Will Raise $60 Million in Secondary Offering

Wade Roush 6/13/08

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. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.