Omniture IPO!

June 29, 2006 by
Filed under: Companies to Watch, High Tech Stocks, IPO Watch, Utah Entrepreneurship, Web Analytics 

I’m so happy for everyone associated with Omniture for successfully completing its IPO today. The shares opened at $6.50 and ended the day up slightly at $6.53 per share. Visit Yahoo Finance for more. This high tech IPO is a big deal for Utah, which needs more IPOs. And Omniture now has a war chest to help it maintain its leadership position in the web analytics space. This is a great company with a great product that many of my companies (and many of the really big online companies) rely on for real-time decision making, and for optimizing revenues.

Full Disclosure: I am a shareholder in Omniture. Do bloggers have to disclose that when blogging about a publicly traded company? Somebody tell me the rules …

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Comments

2 Comments on Omniture IPO!

  1. Dan Reese on Thu, 29th Jun 2006 3:31 pm

    2. I think the idea of disclosure is to avoid the appearance of a hidden motive for your words. In this case, telling people how great Omniture’s IPO is could be considered encouraging people to buy which, of course, would benefit you financially.

    So I think disclosure was a good choice here. It allows you to speak your mind openly without any fear that people will mistake your motives.

  2. Gary on Mon, 3rd Jul 2006 3:57 am

    3. yes, now when do you think Ancestry will go IPO? they better do it soon before their main/only competitor matches them in content. It is kind of hard to compete with FREE.

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