ReachLocal rang the opening bell at the NASDAQ stock exchange yesterday:
Perhaps in honor of today’s date, shares are trading at just over $14. The company’s market cap is $393 million.
The company, as of Q2, had 641 salespeople and $70 million in revenue. Approximately $52 million was from direct local ad sales.
ReachLocal reported 16,700 “active advertisers” at the end of Q2 as well.