From Houston Chronicle:
LoopNet Inc., which operates a Web site listing commercial real-estate properties for sale or lease, plans to go public in an initial offering of stock worth as much as $86.2 million.
As of Dec. 31, the San Francisco-based company’s online marketplace contained approximately 335,000 listings for more than $268 billion of property available for sale and more than 2.7 billion square feet of property available for lease, according to the filing.
The shares are expected to list on the Nasdaq Stock Market under the symbol LOOP.
In 2005, LoopNet had net income of $18.94 million on revenue of $30.98 million, compared with profit of $3.72 million on revenue of $17.04 million a year before.
