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Oct
3
Constant Contact Goes Public!
October 3, 2007 | Anita Campbell
It just goes to show: there is money in the small business market.
Constant Contact, the email marketing services company that made its bones selling to small businesses, went public on the NASDAQ yesterday. Today was its first trading day.
Here is the announcement (sent via the Constant Contact email marketing software, of course):
We have some exciting news to share with you. Yesterday, October 2, Constant Contact became a public company, and we expect our shares to begin trading today on the NASDAQ Global Market, under the symbol “CTCT”. Please view the press release we issued and feel free to share it with your clients.
This is an important milestone for Constant Contact, and we owe much of our success to you, our partners. Having grown from zero to 130,000 customers, and from only a few employees to more than 300, the past nine years have been an incredible journey for all of us. During this time, you’ve taught us what it takes to truly serve small businesses and organizations, and we look forward to continuing our partnership and helping you succeed.
As always, we’ll be there to support you as you have supported us, every step of the way. That’s our commitment to you. Thank you for partnering with Constant Contact.
According to the press release, 6.7 million shares of common stock were offered at an opening price of $16.00 share. The latest news from TheStreet.com shows that share prices soared to north of $30 by the middle of today.
Not bad. Not bad at all.
Comments
3 Comments so far
Applause!!! The small business market on it’s way to getting big. Way to go.
This is a really popular service and I know many who are using it and are pleased. It doesn’t surprise me that it’s debut was well received.
I also know many who use constant contact and have considered using their services also. Good for them, nine years of hard work is really paying off now!