Monday, April 26, 2004

Active Network Files for IPO

La Jolla-based Active Network has filed for an IPO. The company is looking to raise $46M for its online management services for team sports. Active had a $1.3M loss on $15M in revenue in 2003. The IPO is being underwritten by Jeffries and Company and Wr Hambrecht & Co. Active was funded by Austin Ventures, Canaan Partners, Charles River, Ticketmaster, Enterprise and others. More information »

---