Fastclick, a developer of technology that places online ads through pop-ups and banners, went public on the Nasdaq Friday morning. And despite a fair amount of buzz, shares priced at $12, the low-end of their range. After opening at $14.99, the stock quickly sold off and as of late morning, shares were trading at about $12.65, only a 5 percent premium to their offering price.
Hmmm, I wonder I tried to sign up with FastClick the other day, but the only options I can see are to sign up as an Advertiser or Ad Agency. There is a link that says "Join" on the publisher page, but it doesn't do anything. Anyone seeing different behaviour? Maybe it's related to the IPO, they didn't want a flood of new publishers?