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Friday, May 28, 2004
WebSideStory Files For IPO
San Diego-based WebSideStory (www.websidestory.com) has filed for an IPO to raise up to $57.5M. WebSideStory provides web analytics services, which allow its customers to better understand how Internet users are responding to web design and content, marketing, and e-commerce. The company had revenues of $16.3M in 2003, and a net loss of $1.8M. The IPO is being underwritten by Friedman Billings Ramsey, RBC Capital Markets, William Blair & Company, and Roth Capital Partners. WebSideStory is backed by Summit Partners, TA Associates, Peninsula Fund, and Westcliff Partners. WebSideStory had filed and withdrawn an IPO in 2000.
posted on Friday, May 28, 2004
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