Foster City, Calif. • 650-578-7700 • www.quinstreet.com
IPO DETAILS
IPO Date: 2/12/10
Exchange and Ticker: Nasdaq: QNST
Filing Range: 10.00M shares @ $17.00 to $19.00
Offering Price: $15.00
Close on First Day: $14.55
Offering Size: $150.00M
Shares Outstanding: 44.91M
Underwriters: Credit Suisse; Merrill Lynch; JP Morgan
Co-manager: Qatalyst Partners LP
Company Counsel: Cooley Godward Kronish LLP
Manager Counsel: Davis Polk & Wardwell
Auditor: Pricewaterhouse Coopers LLP
Market Capitalization on 2/26/10: $655.7M
Close price at current month end: $14.60
DESCRIPTION
Provides electronic marketing services to companies on the Web. The company has developed two businesses based on its core technology, namely direct marketing services and direct selling services. QuinStreet’s direct marketing services provide lead generation and customer acquisition programs online. Its competitors include 24/7 Real Media, aQuantive and ValueClick.
VENTURE BACKERS
Catterton Partners, Cooley Godward LLP, Focus Ventures, GGV Capital, J&W Seligman & Co., Rosewood Capital, St. Paul Venture Capital, Stanford University, Sutter Hill Ventures and VSP Capital
STOCK HOLDINGS OF VC FUNDS
(For company directors or owners of 5% or more of the company’s shares.)
OWNER_NO. OF SHARES ON 2.11.10_SHARE VALUE ON 2.28.10_PERCENTAGE OWNERSHIP AFTER OFFERINGSplit Rock Partners_5,682,951_$82.97M_12.70%
Sutter Hill Ventures_3,655,681_$53.72M_8.10%
GGV Capital_2,666,975_$38.93M_5.90%
W Capital Partners_2,376,228_$34.69M_5.30%
Catterton Partners_2,033,899_$29.69M_4.50%
Partech International_1,913,620_$27.94_4.30
FINANCING ROUNDSYear_No. of Investors_Amt. $M_Valuation $M
08/15/1999_6_$9.00 n/a
05/25/2000_6_$40.10_$115.94
12/01/2003_1_$2.90_$185.00
11/17/2006_2_n/a_n/a
03/15/2007_2_n/a_n/a
FINANCIALS6/30/2007_6/30/2008 _6/30/2009
Total Revenue $M: $167.37_$192.03_$260.53
Net Income $M: $15.61_$12.87_$17.27
EPS: n/a_$0.29_$0.38
Source: Thomson Reuters