Constant Contact IPO Announced
Constant Contact just announced that they will be making their Initial Public Offering under the (NASDAQ:GM) symbol CTCT. The IPO will have almost 7 million shares and the press release is shown below. The information received by our company was in a newsletter form and shown below in the form it was received. This is very interesting news and will certainly give Constant Contact some available capital to further enhance their services.
I have used Constant Contact for many years off and on and they always seem to be the leading company in online marketing, a market which is harder and harder to break into as the spamming rules and laws get tougher and tougher. On of the companies I work with has been in business quite a while and although they have all legitimate business practices and good customer base, being seen as a spammer these days can be your worst enemy. Constant Contact is very zealous in this area and is probably a good reason for their success.
Constant Contact Prices Initial Public Offering
WALTHAM, MA â€“ October 2, 2007 â€“ Constant ContactÂ®, Inc (NasdaqGM: CTCT) today announced the pricing of its initial public offering of 6,700,000 shares of its common stock at $16.00 per share (before underwriting discounts and commissions).
The 6,700,000 shares consist of 5,829,839 being sold by the Company and 870,161 being sold by certain stockholders of the Company. The shares are scheduled to begin trading on the NASDAQ Global Market on October 3, 2007 under the trading symbol â€œCTCT.â€ The Company will not receive any of the proceeds from the sale of common stock held by the selling stockholders. The Company and the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,005,000 shares at the initial public offering price to cover over-allotments, if any.
CIBC World Markets and Thomas Weisel Partners acted as joint book-runners for the offering, and William Blair & Company, Cowen and Company, and Needham & Company were co-managers.
A copy of the final prospectus related to this offering may be obtained from CIBC World Markets Corp., Attn: USE Prospectus Department, 425 Lexington Ave, 5th floor, New York, New York 10017, (866) 895-5637, email@example.com or from Thomas Weisel Partners LLC, Attn: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, California 94104, (415) 364-2720.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on October 2, 2007. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Constant Contact, Inc.
Constant Contact is the leading provider of on-demand email marketing solutions for small businesses, nonprofits, and associations.
Constant Contact is a registered trademark and the Constant Contact Logo is a trademark of Constant Contact, Inc. All other company names may be trademarks or service marks of their respective owners
This is the direct mailing from Constant Contact themselves:
We have some exciting news to share with you. Yesterday, October 2, Constant ContactÂ® became a public company, and we expect our shares to begin trading today on the NASDAQ Global Market under the symbol "CTCT".
This is an important milestone for Constant Contact, and we owe all of our success to you, our customers. Having grown from zero to 130,000 customers, and from only a few employees to more than 300, the past nine years have been an incredible journey for all of us. During this time, you've taught us what it takes to truly serve small businesses and organizations, and we look forward to continuing our partnership and helping you succeed.
As always, we'll be there to support you as you have supported us, every step of the way. That's our commitment to you.
Thank you for being a Constant Contact customer.
All the best, Gail Goodman, CEO
I will post some more information here as soon as I find it. If if haven't tried Constant Contact yet for your internet marketing it is worth a try and coming up soon I will post more information on the usefulness of their services.