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CreditCards.com Files For $115M IPO
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Austin, TX-based CreditCards.com has filed for a $115M IPO. The site allows consumers to search, compare, and apply for credit cards.
It plans to trade on the Nasdaq, with Credit Suisse and Citi as co-lead underwriters. Austin Ventures sponsored a recap of CreditCards.com in 2006 and holds a 65.6% pre-IPO position. It paid $133.8M at the time. Internet Real Estate Group sold the domain to Click Success in 2004 for just $2.75M. Daniel Smith pocketed $97.7M from the sale to an Austin Ventures.

During the six months ended June 30, the company's earnings lowered to $2.8M, from $9.6M in the prior-year period. During the same period, CreditCards.com revenue grew to $27.4M, from $18.7M. The company's revenue come from credit-card issuers or their affiliate marketing agents, who pay leads.


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20070925
Credit card comparison and application submission.
Our newest credit card comparison report rates credit cards that offer online credit card applications. It is quick and convenient to apply online. Some cards offer expedited online credit card application processing-also known as instant approval credit cards.


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carInsurance.com
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