IZEA, the company that brought you Pay Per Post and turned every mommy blogger in the land into brand spokeswomen, has gone public. They will trade under the stock symbol “IZEA” on the OTC Bulletin Board.
“This represents a major milestone for our companyâ€, said Ted Murphy, CEO of IZEA. “I am pleased to have completed this transaction, as it enables us to broaden our investor base and create a liquid market for our stock. As a publicly-traded company, we believe that we will be in a better position to take advantage of the growing opportunities emerging in our industry.â€
Along with the public listing, the company raised $3.3 million through the sale of common stock and warrants. The financing will be used primarily for expansion of IZEA’s outside sales and marketing operations in target markets. “We have spent the last few years focused on the development of our technology platforms and building our publisher network. The company is now in a position to more aggressively expand our strategic sales efforts with agencies and brands,†said Murphy.
IZEA used to put on some killer parties during their growth phase. With the new public listing and new funding, I’m looking forward to the return of those glory days, or at least one big party to celebrate the public milestone. Huge congratulations go out to Ted and IZEA.