QuinStreet files for IPO
Written on November 20, 2009
Vertical marketing agency QuinStreet Inc. has registered with the U.S. Securities and Exchange Commission for an initial public offering of common stock.
Credit Suisse Securities LLC, Bank of America, Merrill Lynch and J.P. Morgan Securities Inc. are acting as joint book-running managers and underwriters for the offering, Foster City-based QuinStreet said in a press release. Qatalyst Partners LP is acting as financial advisor to QuinStreet.
QuinStreet is rapidly growing and expects to do over $300 million in revenue this year, CEO Doug Valenti recently told the San Francisco Business Times guaranteed approval cash advance loans. Net profit last year was roughly 7 percent, he said.
In October, QuinStreet purchased the Insure.com name and related assets for $16 million, a record price for an Internet domain name, according to various reports.
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