LoopNet IPO Successful
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Loopnet, the top online resource for commercial real estate had a successful IPO today opening up. The last 5 Initial Public Offerings have all been flat so brokers were pleased that Loopnet’s IPO was successful and there is such confidence for the commercial real estate market.
LoopNet priced in the middle of its $11-$13 range and raised $72 million by offering 6 million shares with underwriters Credit Suisse, Thomas Weisel, Pacific Crest Securities and Pacific Growth Equities.
San Francisco-based LoopNet provides real estate listing services to businesses and individuals.
The company reported net income of $3 million and revenue of $10.2 million in the quarter ended March 31, compared with net income of $1.9 million and revenue of $6.2 million in the year-ago period.
In its featured IPO column, Renaissance Capital said that the company faces competition from CoStar Group, as well as rival efforts from Google Inc., Yahoo Inc., Microsoft Corp. and Craigslist Inc., which is 25% owned by eBay Inc. See featured IPO column. via MarketWatch.
Am I the only one that finds it odd that the ONLY place that looks to be seriously warming is ...
It seems there are numbers posted about how much it could cost the US in home sales from people holding ...
The only people holding off will be those that are financially secure and can manage to hold off. How ...
What an awesome way to generate traffic for a story. Were they trying to time that for Sweeps Week? ...
That's awful. I wonder if using that tactic , if a building can be sold or used as collateral. ...
Good point about people possibly holding off now. The 4.5 percent interest rate could be a self-fulfilling prophecy. 
wow this is a wonderful creation...............i would like to be there once even in my life time........... 
Absolutely agree with Jon, excellent site and very imformative. Keep reporting to us please! 
I will say that had I never been to that site and seen Dean's many deals that he documented and ...
Great Real Estate
post ... very interesting. 
