College Media Firm CampusU Files For $28.8 Million IPO

CampusU, an online merchandising, marketing and media company focused on the college students, has filed for a $28.8 million IPO on Nasdaq, under the symbol “CMPS”, reports AP.

CampusU generates revenue by selling products and services to college students, often at academic discount prices. The company says it uses online communities, blogs, user-gen content, but thats what everyone’s doing now. It plans to use the proceeds to repay some debt, develop new media properties, make potential acquisitions, expand its business and fulfill general corporate purposes, including working capital. It has Campustech commerce site, and is building two other sites, CampusFlix and LazyStudents.

Its 2006 sales were $11.911 million and posted a net loss after taxes of $5.57 million. For Q107, it had revenues of $4.59 million, up from $2.28 million in Q106, and posted a net loss of $2.1 million. The company was founded in 1999. The full S-1 filed with SEC is here.

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