Splitrock Partners to see IPO exit in CA portfolio company QuinStreet



via WSJ:

“…venture-backed QuinStreet has more to boast about: The Internet media-and-marketing company may be hitting the public markets very soon. QuinStreet’s underwriters estimated the offering’s terms at 10 million shares at a price range of $17 to $19 apiece, meaning the company would raise up to $190 million and its market capitalization would be as high as $853 million. Its venture backers, which invested about $38 million into the company, include Split Rock Partners…”

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via peHub:

QuinStreet Inc., a Foster City, Calif.-based provider of online vertical marketing solutions, has set its IPO terms to 10 million common shares being offered at between $17 and $19 per share. It had originally filed to raise $250 million.  …QuinStreet has raised nearly $60 million in VC funding, from firms like Split Rock Partners (16.3% pre-IPO stake)…”

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  • http://www.W3i.com Rob Weber

    That is good news for SplitRock and QuinStreet. There certainly aren’t very many IPOs these days. Good to see a local VC get a nice exit.

    QuinStreet was a pretty good customer of ours in the early days of W3i/Freeze.com. As our business evolved, we ended up phasing out the solution we were selling to QuinStreet for strategic reasons. I always felt they were a very good partner.

  • Jeff Pesek

    This is good news for everyone. Exits=cash money=working capital.