Internet Brands, an IdeaLab-backed internet holding company, hopes to raise up to $45 million through an IPO that was originally announced in July. The El Segundo, CA-based company, whose sites include CarsDirect, WikiTravel, FlyerTalk.com, along with several others, said in a filing that it would sell 3.75 million shares at $10-$12 each. Another 5.8 million shares will be sold by existing shareholders. Shares are to trade on the NASDAQ under the ticker “INET”. Filing.

SEE ALSO: Internet Brands Buys City Guide And Info Site ePodunk

Through the first three quarters of this year, Internet Brands had revenues of $64.9 million, down from $65.2 million in the year-ago period. The decline is associated with a deceleration in its consumer internet segment, in particular its auto business. So far this year, it has acquired 35 companies for $84.8 million, the largest of which was Jelsoft Enterprises, a maker of bulletin board software. It also recently purchased ePodunk, a site covering cities and small towns. In its filing, the company indicated that it plans to continue its aggressive acquisition strategy.