LoopNet Inc. today announced it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The shares in the offering will be offered by LoopNet and certain selling stockholders. The number of shares to be offered and the price range for the offering has not been determined.
LoopNet is an online marketplace that enables commercial real estate agents, working on behalf of property owners and landlords, to list properties for sale or for lease by submitting detailed property listing information in order to find a buyer or tenant.
Credit Suisse Securities (USA) LLC will serve as the sole book-running manager for the offering, with Thomas Weisel Partners LLC, Pacific Crest Securities Inc., and Pacific Growth Equities LLC acting as co-managers. Copies of the preliminary prospectus for the offering, when available, may be obtained from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective, according to a press statement.
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