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Constant Contact Sets IPO Terms

Constant Contact Inc., a Waltham, Mass.-based provider of direct marketing email software, has set its IPO terms to 6.7 million common shares being offered at between $12 and $14 per share. It plans to trade on the Nasdaq under ticker symbol CTCT, with CIBC World Markets and Thomas Weisel Partners serving as co-lead underwriters. The company has raised $38.8 million in VC funding from Morgan Stanley Dean Witter Venture Partners (21.87% pre-IPO stake), Commonwealth Capital Ventures (15.35%), Hudson Venture Partners (14.16%), Greylock Partners (14.16%), Longworth Venture Partners (9.79%), Saturn Capital and VeriSign.