Needham, Mass. - TechTarget, a publisher of news and information for IT professionals, announced on Thursday its initial public offering (IPO) of shares, expecting to raise about $100 million from 7.7 million shares sold at $13 per share.

In addition to online content, Massachusetts-based TechTarget also offers marketing programs and events for IT vendors.

The company, which launched in 1999, reported $79 million in revenues and $7.2 million in net income during 2006.

TechTarget will use the proceeds to pay off debt, as well as for product development, sales and marketing.

Shares of "TTGT" were up about 18% in afternoon trading on Thurdsay.

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http://www.boston.com/business/ticker/2007/05/techtarget_to_g.html

http://www.techtarget.com