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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.
With shares around $12 the company has a market cap of $250M. Considering CJ and Performics were sold for $60M, Fastclick is doing well.