More NewsNetGravity Files for Secondary Public Offering

NetGravity Files for Secondary Public Offering

Online ad software and service company NetGravity Inc. filed a registrationstatement with the Securities and Exchange Commission for a proposed secondarypublic offering of 3.6 million shares of common stock.

Online ad software and service company NetGravity Inc. filed a registration statement with the Securities and Exchange Commission for a proposed secondary public offering of 3.6 million shares of common stock.

The San Mateo, CA-based company said 2,738,440 shares will be offered by the company and 861,560 shares will be offered by certain NetGravity stockholders. The company granted the underwriters an option to purchase an additional 540,000 shares of common stock to cover over allotments.

NetGravity said it intends to use the net proceeds from the offering for working capital and other general corporate purposes and capital expenditures.

The offering is being made through an underwriting group managed by BancBoston Robertson Stephens Inc., NationsBanc Montgomery Securities LLC and FAC/Equities, a division of First Albany Corp.

NetGravity provides a range of solutions to manage, target and analyze online campaigns for advertising agencies, Web publishers, merchants and networks of sites.

Related Articles

GDPR: The role of technology in data compliance

Data & Analytics GDPR: The role of technology in data compliance

3w Clark Boyd
What companies can learn from the We-Vibe lawsuit about the Internet of Things

Legal & Regulatory What companies can learn from the We-Vibe lawsuit about the Internet of Things

8m Al Roberts
Has advertising arrived on Google Home?

Media Has advertising arrived on Google Home?

8m Al Roberts
Is Twitter slowly dying?

More News Is Twitter slowly dying?

9m Al Roberts
FedEx launches fulfillment service to take on Amazon

Ecommerce FedEx launches fulfillment service to take on Amazon

9m Al Roberts
Target is the top retail digital marketer, so why is it struggling?

Ecommerce Target is the top retail digital marketer, so why is it struggling?

8m Al Roberts
YouTube is "on pace to eclipse TV" thanks to savvy algorithm use

More News YouTube is "on pace to eclipse TV" thanks to savvy algorithm use

9m Al Roberts
YouTube is getting rid of 30-second unskippable pre-roll ads

Ad Industry Metrics YouTube is getting rid of 30-second unskippable pre-roll ads

9m Al Roberts