Friday, April 1, 2005

FastClick Prices IPO, Raises $78M

Santa Barbara-based Fastclick priced its IPO yesterday at $12.00 per share, raising $78M for the internet advertising company. The IPO, led by Credit Suisse First Boston and Citigroup, priced on the low end of the $12 to $14 offering range. Fastclick provides an internet advertising network and tools for advertisers to manage their advertising campaigns across its network. The company competes against Westlake Village-based ValueClick, as well as with Yahoo's Overture property and Google's AdSense advertising networks. The company's stock is expected to start trading today. FastClick will trade on the Nasdaq under the symbol FSTC.