InfoUSA to Keep Listing on Nasdaq

Share this article:
Nasdaq has agreed to continue listing the stock of database marketing company InfoUSA, Omaha, NE.


The stock exchange had threatened to remove InfoUSA's listing earlier this year after the company failed to meet the minimum $5 stock price for 90 consecutive days. Nasdaq agreed to accept InfoUSA's shareholder equity of $92.1 million as a standard for continued listing, according to InfoUSA.


In addition, the minimum bid price was lowered from $5 to $3, InfoUSA said. InfoUSA's stock was trading at more than $5. In April, the company reported an increase of more than $3 million in first-quarter revenue over the same quarter a year earlier.


Share this article:
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

SAP Ramps Up Canadian Cloud Investment

SAP Ramps Up Canadian Cloud Investment

It's one of 16 new data centers the software company will open this year to meet a 39% increase in demand for cloud services.

Top 5 Spending and Investment Insights from Marketers

Top 5 Spending and Investment Insights from Marketers

Confidence in data-driven marketing led marketers to set high Q1 2014 goals.

MeritDirect Introduces Predictive Marketing Suite

MeritDirect Introduces Predictive Marketing Suite

New solutions include next logical product and customer lookalike modeling. The long-time direct marketing player announces it will open a San Jose office in September.