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comScore IPO Scores $82.5 Million
Online audience measurement firm ComScore has raised $82.5 million in its initial public offering of 5.3 million shares priced at $16.50 each.
Shares began trading today at an offer price above the forecast price of between $14 to $15, which was predicted earlier in the month ( www.mrweb.com/drno/news6901.htm ).
Underwriters, led by Credit Suisse and Deutsche Bank Securities, have the option to purchase an additional 750,000 shares to cover overallotments.
ComScore raised about $73.7 million from the IPO, after deducting underwriting discounts and commissions and estimated offering expenses. The company will not receive any proceeds from the sale of shares from the selling stockholders and said it plans to use the net proceeds for working capital, capital expenditures and other corporate purposes, including possible acquisitions.
In 2006, the company reported earnings attributable to stockholders of $2.5 million on sales of $66.3 million. The firm is online at: www.comscore.com
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