Wednesday, October 03, 2007

Constant Contact Raises $107.2M in IPO, Share Price Surges - Waltham, MA

Constant Contact, a Waltham-based provider of email marketing technology for small businesses, nonprofits, and associations, on Tuesday evening priced its initial public offering of stock to raise $107 million. The pricing was above the offering's expected price range of between $12 and $14. Constant Contact's share price surged on Wednesday, its first day of public trading -- up $12.35 at $28.35 in the early afternoon, a gain of 77%.


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