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'''Marchex, Inc.(NADAQ: MCHX)'''is a Washington-based company providing local search, advertising and marketing services. The company reported a $29.1 million revenue during the first quarter of 2011.
'''Marchex, Inc.(NADAQ: MCHX)'''is a Washington-based company providing local search, advertising and marketing services. The company reported a $29.1 million revenue during the first quarter of 2011.
==History==
==History==
Russell Horowitz founded Marchex together with other executives from Go2Net namely Ethan Caldwell, John Keister and Peter Christothoulou on January 17, 2003. The founders raised $20 million to acquire two companies E-Family.com, Inc. including its wholly owned subsidiary Enhanced Interactive which specializes in managing search placement for clients & listing clients web sites in search engines for fee and Traffic Leader.com.<ref>[http://www.startup-review.com/blog/marchex-case-study-execution-rather-than-innovation.php startup-review.com]</ref>
Russell Horowitz founded Marchex, together with other executives from Go2Net namely Ethan Caldwell, John Keister and Peter Christothoulou, on January 17th, 2003. The founders raised $20 million to acquire two companies E-Family.com, Inc., including its wholly owned subsidiary Enhanced Interactive that specializes in managing search placement for clients & listing clients web sites in search engines for a fee, and Traffic Leader.com.<ref>[http://www.startup-review.com/blog/marchex-case-study-execution-rather-than-innovation.php startup-review.com]</ref>
==Initial Public Offering==
==Initial Public Offering==
In 2004, Marhex held its Initial Public Offering (IPO) offering 4 million shares at $6.50 per share. The company traded 37% of its stocks during its first day of trading raising $ 27.2 million, making it the most successful public offering during that year.<ref>[http://www.enotes.com/company-histories/marchex-inc/ipo-2004 Marchex IPO]</ref>
In 2004, Marhex held its Initial Public Offering (IPO) offering 4 million shares at $6.50 per share. The company traded 37% of its stocks during its first day of trading raising $ 27.2 million, making it the most successful public offering during that year.<ref>[http://www.enotes.com/company-histories/marchex-inc/ipo-2004 Marchex IPO]</ref>