Fastclick IPO to raise $78 million
The initial public offering of Fastclick Inc. raised $78 million after
shares of the Internet advertising technology company priced at the low
end of its estimated range, the underwriter said on Thursday.
Fastclick shares priced at $12 per share, the underwriter said,
compared with an expected range of $12 to $14 a share. The company
filed for a 6.5 million share offering, with stockholders offering 1.09
million shares and Fastclick offering 5.41 million shares.
Credit Suisse First Boston and Citigroup were the lead underwriters.
Thomas Weisel Partners LLC and Jefferies Broadview assisted in the
offering.
It expects to trade on the Nasdaq under the symbol "FSTC"