Oct 10 (Reuters) - Online stock photography providerShutterstock Inc priced its initial public offering of 4.5million shares at $17 each, raising $76.5 million, the companysaid in a statement.
The pricing is above the company's expected price range ofbetween $13 and $15 per share.
The New York-based company owns a library of photographs andillustrations that customers can license and download throughsubscription deals.
Shutterstock, which plans to list its shares on the New YorkStock Exchange under the symbol "SSTK," will use the proceedsfor general corporate purposes, including working capital andcapital expenditures.
Shutterstock competes with other online providers of imagessuch as iStockphoto, Fotolia and Dreamstime as well as moretraditional stock content providers like Getty Images and CorbisCorp.
Private equity firm Carlyle Group LP agreed toacquire Getty Images for $3.3 billion in August.
Morgan Stanley, Deutsche Bank Securities and Jefferies arelead underwriters for the IPO.
(Reporting by Avik Das in Bangalore; Editing by Jijo Jacob)
Keywords: SHUTTERSTOCK IPO/