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QuinStreet files for a $250 million IPO

November 19, 2009

Online marketing company QuinStreet, which delivers measurable traffic results to clients in information-intensive industry verticals, filed on Thursday with the SEC to raise up to $250 million in an initial public offering. The Foster City, CA-based company, which was founded in 1999 and booked $275 million in sales over the last 12 months, plans to list under the symbol QNST. Credit Suisse, BofA Merrill Lynch, and J.P. Morgan are the lead underwriters on the deal, for which pricing terms were not disclosed.