TechTarget Sets IPO Terms

TechTarget Inc., a Needham, Mass.-based provider of online IT content, set its proposed IPO terms to 7.7 million common shares being offered at between $12 and $14 per share. It plans to trade on the Nasdaq under ticker symbol TTGG, with Morgan Stanley and Lehman Brothers serving as co-lead underwriters. Shareholders include Technology Crossover Ventures (32.34% pre-IPO stake) and Polaris Venture Partners (28.41%).