Internet Retailer: Alibris seeks $25 million through IPO

In a sign that perhaps the new market recovery of Internet stocks may be following the original path of over exuberance, Alibris announced it would like to go public with a $25 million offering. Alibris is a seller of rare and used books, the sort of place that in a bricks and mortar store would have a wonderful, dusty smell of the Victorian era, watched over by the benevolent snobbery of a matron with reading glasses fixed around her neck with a beaded necklace.

She'd be able to buy a lot of tea and sherry with an implied market capitalization of about $60 million, which is what the company would have if its 4 million shares came out at a price of $15. Last quarter the company lost about a million dollars on revenues of about $14 million. The SEC filing can be found here.