Gomez, Inc. has filed its intention to come public via an initial public offering. For filing purposes, it has filed to sell up to $80.5 million in common stock. Gomez will also take the ticker "GOMZ" on NASDAQ.
Credit Suisse and Deutsche Bank are the lead underwriters; co-managers are William Blair, Wachovia, and Pacific Crest Securities.
Gomez is a provider of web experience management services where customers test their web applications while in development and to monitor their web applications after deployment. Its on-demand services improve the web experience to increase revenues from web applications, reduce operating costs, and extend brand reputations.
As far as the use of proceeds, it looks like some shares will be sold by shareholders and some will be sold by the company. The company says it will use the funds it receives for working capital, and development of additional services and expansion of services for the ExperienceFirst platform.
From 2005 to 2007, the company’s annual revenue rose at a CAGR of 48% from $14.8 million to $32.6 million, while cash flow from operations rose from $785,000 to $9.2 million.
You can join our open email distribution list to hear about other IPO’s, secondaries, spin-offs, and other special situation previews.
Jon C. Ogg
May 8, 2008
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.