IVillage moves closer to eviction from Nasdaq

NEW YORK - IVillage, the women's website, faces eviction from Nasdaq after its shares failed to maintain a $1 minimum for 30 consecutive trading days.

IVillage now has until December 16 to regain compliance with Nasdaq's continued listing requirements. At that time, iVillage may appeal the decision to the Listing Qualifications Panel, or it may apply to transfer to the SmallCap Market.

Shares in iVillage closed at 80 cents on Wednesday. The shares last traded above $1 in August after reaching a 52-week high of $2.85 and a low of 57 cents.

The delisting would not affect iVillage in the UK, which is a joint venture between the US company and Tesco. It is the second time the company has faced the prospect of being delisted, having faced the same situation early last year.

Despite the prospect of a delisting, iVillage has proved one of the survivors of the dotcom boom and last year it moved out of loss for the first time, posting earnings before interest, taxes, depreciation and amortisation of $400,000 (拢280,826).

IVillage owns iVillage.com, Women.com, the Business Women's Network, Lamaze Publishing, the Newborn Channel, iVillage Solutions and Astrology.com.

If you have an opinion on this or any other issue raised on Brand Republic, join the debate in the .

Staff recommends

IVillage

Read more