LoopNet Inc is the leading online marketplace for commercial real estate in the United States based on the number of monthly unique visitors to our marketplace. Its online marketplace enables commercial real estate agents working on behalf of property owners and landlords to list properties for sale or for lease by submitting detailed property listing information in order to find a buyer or tenant. Commercial real estate brokers agents buyers and tenants use the LoopNet online marketplace to search for available property listings that meet their commercial real estate criteria. By connecting the sources of commercial real estate supply and demand in an efficient manner we believe that LoopNet enables commercial real estate participants to initiate and complete more transactions more cost-effectively than through other means. LoopNet also delivers technology and information services to commercial real estate organizations to manage their online listing presence and optim Loopnet, Inc. has a market cap of $337.1 million; its shares were traded at around $9.78 with a P/E ratio of 24.5 and P/S ratio of 3.9.
LOOP is in the portfolios of PRIMECAP Management.
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