Constant Contact Stock Offering Planned
Wade Roush3/28/08
Waltham, MA-based e-mail marketing and survey firm Constant Contact yesterday filed an SEC registration statement saying it intends to sell more than 106,000 shares of common stock in a secondary offering. At the same time, Constant Contact stockholders—mostly venture firms looking for their exit—plan to sell some 4.3 million shares. At this morning’s stock price of $15.20, the sale would raise about $1.62 million for Constant Contact and roughly $65.1 million for its selling shareholders, who include Morgan Stanley Dean Witter Venture Partners, Longworth Venture Partners, Commonwealth Capital Ventures, and Greylock Partners.
