NetGrocer Files IPO With SEC

Share this article:
Nonperishable grocery merchant NetGrocer (www.netgrocer.com), New York, filed a registration statement with the Securities and Exchange Commission this week for an initial public offering of shares of its common stock. Until the registration statement becomes effective, the securities cannot be sold and offers to buy them may not be accepted.


NetGrocer recently announced a multimillion-dollar deal with America Online that gives it exclusive rights to sell groceries on AOL. In May, NetGrocer signed a deal with television shopping's QVC. Last November, club giant CUC International, Stamford, CT, invested $5 million for a 25 percent stake in NetGrocer just before CUC merged with HFS Corp. to become Cendant Corp.
Share this article:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

News Byte: CX Scores to Take Their Place Beside Price Listings

News Byte: CX Scores to Take Their Place ...

E-commerce aggregator PriceGrabber will begin offsetting price info with service expectations.

Data Byte: Interactive Ad Revenues Exceeding TV for the First Time

Data Byte: Interactive Ad Revenues Exceeding TV for ...

At nearly $43 billion, interactive advertising revenues exceeded broadcast for the first time in 2013.

Marketers: Data Rich and Knowledge Poor

Marketers: Data Rich and Knowledge Poor

While advertisers have become incredibly data-savvy, the most difficult challenge remains causally linking that data to outcomes that really matter.