Online Marketer QuinStreet Files for $250 Million IPO

Authored by Mark Hefflinger on November 20, 2009 - 9:40am.

Foster City, Calif. - QuinStreet, a provider of online marketing services, has filed with the Securities and Exchange Commission (SEC) to raise up to $250 million in its initial public offering (IPO).

The 10-year-old company, which had nearly 500 employees, has yet to determine other details of the offering, such as the number of shares to be sold or their expected price range.

It plans to trade under the symbol "QNST."

Foster City, Calif.-based QuinStreet focuses its services on the education and financial services industries, making money from clients when people opt-in to specific online marketing programs.

The company owns or partners with several vertical content web sites, driving people to the sites through pay-per-click ads on search engines.

Credit Suisse Securities, BofA Merrill Lynch and J.P. Morgan Securities are underwriting the IPO.

http://snipurl.com/tc32n (SEC filing)

http://www.quinstreet.com

Published in DMW Daily, November 20, 2009

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tags: Deals | Marketing | IPOs | QuinStreet |

Comments

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