Media - Wednesday, November 14, 2007
Domain Manager Hecta Media Floats IPO On London's AIM
British Virgin Islands-based Hecta Media raised approximately $9.5M and
went public today on the London AIM exchange. the company acquires niche content websites and domain portfolios. It is led by CEO Clark Landry who previously founded Euroclick (Adconian), Tagworld, LibraMedia and others. The company's executive chairman is serial entrepreneur Fred Krueger.
Just last week we reported that domain giant Name Media had filed for a $175M IPO. Hecta appears to be a bit different as it is essentially by-passing the venture capital and private equity channel that Name Media passed through to raise cash on the public markets with which to acquire sites and domains. To date, Hecta does not own any sites or domains but now that it has raised cash it will start.
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