Ancestry.com prices stock offering at $42 a share

PROVO, Utah — Ancestry.com, a family history website, said Wednesday it priced a secondary offering of about 4.4 million shares at $42 per share, a discount of 1 percent from the stock's latest closing price.

The Provo, Utah, company also said selling stockholders have granted underwriters a 30-day option to buy up to 652,500 more shares to cover overallotments.

Morgan Stanley and BofA Merrill Lynch are acting as joint book-running managers and representatives of the underwriters for the offering.

Citi is acting as passive book-runner, and Allen & Co. and Piper Jaffray are acting as co-managers.

Ancestry.com also said it agreed to buy back about $50 million in common stock directly from its CEO and affiliates of Spectrum Equity Investors V L.P., the selling stockholders in the offering.

The deal is part of a previously announced, $125 million repurchase program.