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Aug. 6, 2007 at 10:35am Eastern by Barry Schwartz
Accoona Files For $80.5 Million IPO
Via PaidContent.org, Accoona Files for IPO from the Associated Press reports that Accoona has filed to go public, with an estimated IPO price of $80.5 million.
Accoona hopes to list their stock as “ACNA" on the NASDAQ. The AP reports Accoona's three business lines as online-lead generation, an online search engine in the U.S., Europe and China and an e-commerce consumer electronics retail business, with nearly all of its revenue coming from lead generation.
In the first quarter of 2007, Accoona realized losses of $14.8 million with revenues of $37.5 million. The full SEC filings can be found over here and more coverage at Techmeme.
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By Barry Schwartz
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