Marchex, Inc.: Difference between revisions
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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 | 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> | ||