Phase2Media Withdraws Its IPO

Share this article:
Phase2Media Inc. has pulled its proposed $57.5 million initial public offering, citing market conditions.


The New York-based interactive advertising and marketing firm filed last May with the Securities and Exchange Commission to go public. At that time, Phase2Media did not disclose an offering price for its IPO shares. The filing was for a listing on the Nasdaq exchange under the symbol PTWO. The lead underwriter of the offering was Robertson Stephens.


For first quarter 2000, Phase2Media reported a net loss of $3.3 million, or 54 cents per share. Revenue for the quarter was $5.2 million.


Its clients include Elle Interactive Network and Maxim Magazine Online. It is not known whether the company plans to refile its registration in the future.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Customer Centricity Is Spurring Marketing-Tech Investments

Customer Centricity Is Spurring Marketing-Tech Investments

A majority of marketers rank customer satisfaction improvements as paramount in the technology investment decisions.

Big, Bold Moves in the C-Suite

Big, Bold Moves in the C-Suite ...

JCPenney appoints Home Depot's Marvin Ellison as CEO; Harte Hanks and JWT add hitting power to their C-level benches

Campaign Comes to the States

Campaign Comes to the States

DMN's UK-based sister publication launches Campaign US