Accoona Files For $80.5 Million IPO

Via, 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.

Related Topics: Business Issues: General | Channel: Industry | Search Engines: Other Search Engines


About The Author: is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here. For more background information on Barry, see his full bio over here.

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