Seeking Alpha

After pricing its 8.5M share IPO at $19, ExactTarget (ET) is trading at $24.62, up 29.6%....

After pricing its 8.5M share IPO at $19, ExactTarget (ET) is trading at $24.62, up 29.6%. ExactTarget, a provider of cloud-based online marketing software that counts Microsoft, Priceline, and Groupon among its customers, currently sports a market cap of $1.59B. The company posted revenue of $207.5M (+54% Y/Y) in 2011, and a net loss of $35.4M. Sales & marketing expected amounted to 45% of revenue. (S-1)
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