Ad technology company Rocket Fuel files for IPO

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Ad technology company Rocket Fuel files for IPO

by Wochit 0:56 mins

Ad technology company Rocket Fuel files for IPO

by Wochit 0:56 mins

Advertising technology company Rocket Fuel Inc filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock. Credit Suisse and Citigroup are acting as lead underwriters for the offering, Rocket Fuel said in a regulatory filing with the U.S. Securities and Exchange Commission. United Technologies Corp on Friday said one of its units was responsible for a problem with fire-fighting systems discovered in some Boeing Co Dreamliner jets. Stocks fell Friday, closing out what was the worst week of the year for the Dow Jones industrial average. The market was dragged lower by a weak performance from retailers and companies sensitive to higher interest rates. Homebuilders and banking stocks were among the best performers.

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