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Constant Contact prices stock offer at $16 per share

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April 25, 2008

WALTHAM, Mass.—E-mail marketing company Constant Contact Inc. said Friday it priced a public offering of more than 4.5 million shares at $16 each.

Of the shares, the company is offering 83,409 and stockholders are selling the rest. The company expects proceeds of $636,000.

The offering closes on April 30. The underwriters have 30 days to buy another 681,000 shares -- 231,056 from Constant Contact and 449,944 from stockholders -- to cover over-allotments.

Oppenheimer and Thomas Weisel Partners are the joint book-runners for the offering.

The company's shares rose 25 cents to $16.95 in premarket trading.

© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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