Convio Re-Files for IPO

If you remember over a year ago we wrote about Convio pulling their IPO and turning the corner on profitability at the same time. Today they re-filed for an IPO, although at $57.5M this one is a little bit smaller. I’m sure while this registration was in the works, they had no idea about last week’s carnage, but by the time it gets priced and hits the street, this week’s Wall St. misery will be far behind us. They’ve received some great coverage.

• Robin Wauters at Tech Crunch (and repeated over at the Washington Post) reports that the previous registration was for $86.25M.
• The Associated Press report on Convio is saying that most companies have reduced the per share prices on their IPO’s last year to attract more buyers.
• If you subscribe to the Wall Street Journal, you can read their report here.
• The brief, but official, press release is on the Business Wire.

One interesting note, last time the underwriter was Goldman Sachs, and this time the underwriters are Piper Jaffray and Thomas Weisal Partners. There’s probably a story in there somewhere.

Posted by Bryan Menell http://austinstartup.com Bryan is the founder and Editorial Director of AustinStartup.com, which launched in 2005. He is currently the Director of the Collaboratory at venture-funded Dachis Group. Bryan advises a handful of early stage companies and is a Managing Director of Capital Factory. To read more posts click here.