Netscape co-founder Jim Clark could score again with an IPO of photo service Shutterfly. The company filed for an IPO today to raise up to $92 million; it will trade under SFLY on NASDAQ.  Clark owns 40 percent; other major owners are VC firms Mohr, Davidow Ventures (23 percent) and Sutter Hill Ventures (9 percent). Adobe Ventures is also an investor. Underwriters: Goldman Sachs, JP Morgan, Piper Jaffray and Jefferies and Company.
Numbers: Shutterfly says the company made $28.9 million in 2005 on $84 million in revenue; in 2004, it showed a profit of $3.7 million on $55 million in revenue. This year, revenue was up in the first quarter but the loss for the quarter is wider—$1.7 million loss on $17 million revenue compared to $683,000 loss on $13 million in 1Q05.
Update: Reuters: Shutterfly “will use the proceeds from the IPO for general corporate purposes, including working capital and potential capital expenditures for manufacturing and Web site infrastructure equipment and new and existing manufacturing facilities.”
Related: Shutterfly Pursues Sale or IPO, for About $400-$500 Million