{"id":231453,"date":"2010-01-26T11:33:49","date_gmt":"2010-01-26T16:33:49","guid":{"rendered":"http:\/\/www.businessinsider.com\/bad-sign-for-internet-ipo-market-2010-1"},"modified":"2010-01-26T11:33:49","modified_gmt":"2010-01-26T16:33:49","slug":"bad-sign-for-internet-ipo-market-quinstreet-forced-to-cut-size-of-ipo","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/231453","title":{"rendered":"Bad Sign For Internet IPO Market: QuinStreet Forced To Cut Size Of IPO"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/3d7a6c79defa0149a5ac6c00\/traders102408ap.jpg\" border=\"0\" alt=\"traders102408ap\" \/><\/p>\n<p>Bad news for the slowly recovering Internet IPO market: Online marketing\/lead-gen firm QuinStreet has reduced the size of its offering by about a third, suggesting lower-than-anticipated demand.<\/p>\n<p>QuinStreet now expects to raise $165 million from its IPO at an assumed price of $18.00 per share, according to a <a href=\"http:\/\/sec.gov\/Archives\/edgar\/data\/1117297\/000095012310005039\/f53797a3sv1za.htm\">revised SEC filing<\/a>.<\/p>\n<p>In its <a href=\"http:\/\/sec.gov\/Archives\/edgar\/data\/1117297\/000095012309064388\/f53797orsv1.htm\">first S-1<\/a>, filed last November, the company said it expected to raise $250 million.<\/p>\n<p>Credit Suisse, BofA Merrill Lynch, and JP Morgan are underwriting the offering.<\/p>\n<p>(Via <a href=\"http:\/\/paidcontent.org\/article\/419-quinstreet-prices-ipo-expects-smaller-take\/\">paidContent<\/a>, via <a href=\"http:\/\/www.pehub.com\/61859\/quinstreet-scales-back-ipo-ambitions\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed:+pehub\/news\/all+%28PEHub+News%29&amp;utm_content=Google+Reader\">PEHub<\/a>.)<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/bad-sign-for-internet-ipo-market-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/penthouse-porn-publisher-social-network-beats-facebook-to-the-ipo-punch-2010-1\">Penthouse Porn Publisher FriendFinder Beats Facebook To IPO Punch<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/sorry-no-facebook-ipo-this-year-2010-1\">The Russians Say No To Facebook IPO<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/heres-the-companies-that-are-ready-to-enter-the-public-markets-2010-1\">15 Hot Tech Companies Ready For An IPO<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/pG_jPF6aQtw\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bad news for the slowly recovering Internet IPO market: Online marketing\/lead-gen firm QuinStreet has reduced the size of its offering by about a third, suggesting lower-than-anticipated demand. QuinStreet now expects to raise $165 million from its IPO at an assumed price of $18.00 per share, according to a revised SEC filing. In its first S-1, [&hellip;]<\/p>\n","protected":false},"author":440,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-231453","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/231453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/440"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=231453"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/231453\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=231453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=231453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=231453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}