Shutterfly Inc., an internet-based digital photography website, announced on Friday its first public offering of common stock on NASDAQ which will begin trading at $15 per share.

The company's initial public offering of 5.8 million shares of common stock will trade under the symbol SFLY on the NASDAQ Global Market. Shutterfly said it expects to receive over $80-million in net proceeds from the offering.

Shutterfly provides a variety of products and services for consumers to manage their digital photographs on-line. With the proceeds, Shutterfly intends to use the net proceeds for general corporate purposes.

According to a statement released by the company, J. P. Morgan Securities Inc. will act as the sole book-running manager for the offering.

Investment