There was a somewhat interesting IPO filing yesterday, although I am not that convinced that it is a GOOD interesting at this point. Salary.com has made its initial filing for an initial public offering yesterday.The company has listed Thomas Weisel as the lead manager and co-managers are listed as follows: William Blair, Needham, Wachovia, and Pacific Crest.The company’s corporate offerings are for pay optimization and standardization based on job categories and based on regional data including experience and education. It also allows individuals to go in and conduct a pay search based on many criteria to make sure they are adequately paid market rates.The company boasts some 7,000 corporate subscribers that covers some 10,000,000 employees. In its most recent 12 month period the company posted almost $17 million in revenues and had approximated losses of $3 million. There may be some seasonality to the company, so we won’t go out on a limb asking how such deals are able to get done right now.Jon C. OggNovember 14, 2006
Salary.com Files for IPO
