June 7, 2010, 1:05 PM

PFSweb Inc. raises $8 million through a stock sale

The company will use the money for acquisitions and investments.

PFSweb Inc., which sells e-commerce technology and services to online retailers, has raised $8 million through sales of about 2.3 million shares of common stock.

After deducting commissions and other expenses, PFSweb expects net proceeds of $7.3 million. The company, which went public in 1999, will use the money for acquisitions, investments in businesses, products and technologies, and general corporate expenses.

PFSweb last month announced that it will own and operate PGeStore.com, the retail web site launched by Procter & Gamble Co., one of the world’s largest manufacturers of consumer packaged goods. The site enables U.S. consumers to buy such P&G products as Tide detergent, Oral-B toothbrushes and Gillette razors directly from the manufacturer.

Craig-Hallum Capital Group was lead underwriter for the stock sale.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Kevon Hills / E-Commerce

Back To School offers a testing ground for the holidays

Shoppers heading back to school aren't so unlike shoppers that will be looking for gifts ...

FPO

Jock Purtle / E-Commerce

What is your e-commerce business worth?

The founder of a merger and acquisitions consulting firm examines how e-retailers can know the ...

Advertisement