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College oriented online media company CampusU said in an SEC filing that it will likely raise $17 million, after expenses, through its forthcoming IPO. The company says it will sell 3.5 million shares between $5.5 – $6.5, below the $28.8 million maximum it had previously set. If an over-allotment is exercised, it could raise up to $20.1 million.
The company also reported sales of $5.3 million in Q207, ahead of $2.3 million Q206 and $4.6 million Q107. It’s still a money loser, having lost $1.7 million in the quarter. Filing.