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Constant Contact, a provider of services for creating and managing email newsletters, debuted on the NASDAQ today. At the moment, shares are trading up an impressive 65% at more than $26 per share. The company is raising more than $100 million in the IPO.
It might not be "Web 2.0," but Constant Contact is a clear leader in its niche of providing email marketing solutions for small to mid-size businesses. The company had revenue of $27.6 million last year.