Small Business Resources, Business Advice and Forms from AllBusiness.com

TechTarget Files Papers for $75 Mil. IPO

BOSTON IT publisher TechTarget said it has filed a registration statement with the Securities and Exchange Commission as it prepares to make an initial public offering.

The Needham, Mass.-based firm is planning to offer up to $75 million in common stock and seeks

a listing on the Nasdaq exchange under the symbol TTGT.

Morgan Stanley, Lehman Brothers, Cowen & Co. and Piper Jaffray are underwriting the IPO.

The company, formed in 1999, provides specialized online content for buyers and sellers of corporate IT products, as well as customized marketing programs for IT vendors. It also publishes several print magazines and newsletters. Company advertisers include Cisco, Dell, EMC, Hewlett-Packard, IBM and Microsoft.

TechTarget competes against CNet, International Data Group and Ziff-Davis.

According to its registration statement, the company tallied 2005 pre-tax earnings of $13 million on revenue of $67 million, compared to earnings of $5 million on sales of $47 million in 2004.

—Adweek staff report

In addition, make sure to read these articles: