Nasdaq-listed InterCLICK, the only pure-play ad network on the public markets, just raised $18.1 million selling 2.875 million shares at $4.50 to “a select group of institutional investors.”
It’s not Zynga’s $180 million raise, sold to mysterious Russian investors, but still.
In a release, InterCLICK says it “intends to use the net proceeds for general corporate purposes and working capital requirements.” Don’t go nuts there, guys.
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