comScore Back on the Nasdaq

comScore has resumed its listing on the Nasdaq stock market, seventeen months after it was suspended pending investigation of accounting irregularities. The 'first day back' was relatively uneventful with shares closing around recent over-the-counter levels at $24.66.

The company went public in 2007, with an IPO aimed at raising up to $86.25 million - and on the first day saw its stock climb more than 40 percent from $16.50 to $23.47. Fast forward to August 2016, and the company received a notice from the exchange over its continued delays in filing financial reports with the Securities and Exchange Commission (SEC): six months later trading in its shares was suspended. In March this year it announced it would begin the process of relisting, as it tries under new CEO Bryan Wiener (pictured) to draw a line under a bad two years.

The current share price is much improved from a recent low of $19.65 per share, 'though a far cry from the heady days of 2015 when it reached $63.99. Wiener told www.bizjournals.com the relisting was a 'major milestone', along with filing its reports and holding its first earnings call in years, but that hard work was ahead. Asked how he thought investors would treat the shares in the weeks to come, Wiener stated: 'Your guess is as good as mine. I think the key to my career is that I focus on what I can control and I do not lose sleep over what I cannot. I am not going to look at the stock every day'.

Web site: www.comscore.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.