Just when it looked like the recent Internet stocks and IPO aftermarket
slump might be slowing down the rush to go public, five 'Net companies
priced shares Thursday for trading as early as Friday.
The Democratic Party | Community Blogs | Young Professional Dems:: He was playful, eloquent, fully restored from his afternoon lull. He started as a senior adviser when it was still a small company, before the IPO. http://www.democrats.org/page/community/group/YoungProfessionalDems/2007/05HOME |
Two of those five upped their proposed pricing range at the 11th hour.
Internet services provider Viant priced its 3 million shares at $16,
well above the original proposed pricing range of $10 to $12. And search
engine company GoTo.com priced 6 million shares at $15 after initially
setting a price range of $11-$13.
GoTo.com had shot up 9 to 24 just after midday and Viant had jumped 10-1/16 to 26-1/16.
Through Thursday this has been one of the slowest weeks of the year for
new Internet offerings, with only GenesisIntermedia.com making a ticker
debut, and a disappointing one at that.
Intersil Corporation Q1 2008 Earnings Call Transcript - Seeking Alpha:: After our prepared comments we will open the line to questions. I do unless the R&D tax credit gets approved and then it would drop probably 100 http://seekingalpha.com/article/72605-intersil-corporation-q1-200l-transcript?source=yahooHOME |
The interactive marketing services company on Monday priced 2 million
shares at $8.50. The stock, trading under the Nasdaq symbol GENI, closed
at $8.38, down 1.4%. It was the first Internet stock in June to end its
first day of trading below its offer price, though several others -
Online Resources & Communications, foreignTV.com and Litronic - barely
finished Day 1 above their respective offer prices.
While neither Viant nor GoTo.com's pricings approach the aggressive
$20-plus per share pricings commonly seen earlier this year, they
indicate unusual confidence in a soft market. Especially on the part of
GoTo.com, which had less than $1 million in sales last year yet seeks to
raise $90 million in its offering. (See April 19 Midday
Report.)
Archive News & Video for Friday, 09 Mar 2007 | Reuters.co.uk:: UPDATE 3-Chrysler recalls SUVs after dozens of reported fires 11:59 PM GMT Cricket-Sri Lanka win toss and field v New Zealand in warm-up 01:31 PM GMT http://www.reuters.com/resources/archive/uk/20070309.htmlHOME | TIME 2008 06 16 Vol 171 No 24:: He recalls the order his unit got after a nighttime firefight to roll back out from Hillaryland often came too late for her field organization to execute. http://www.scribd.com/doc/3854306/TIME-2008-06-16-Vol-171-No-24HOME |
Viant, in contrast, had $20 million in revenue in '98 and seeks to raise
$48 million. It will trade under the Nasdaq ticker VIAN.
The other three companies pricing Thursday were:
- Student Advantage, a membership site that offers college students
discounts on a number of goods and services, and provides an online
community containing news, information and personal home pages. (If the
company could sell fake IDs, we'd have a definite winner here.) Here's
something unusual: Student Advantage has priced its 6 million shares at
$8, below the $10-$12 pricing range. How unassuming.
WebProWire | the internet professionals newswire:: After Stormy Start, Worm Turns To Love In Major New Attack - GovTech Linux Desktop Gets A New (X) Face - Silicon Valley Fall In Pre-Vista Lull - PCmag http://newswire.webprowire.com/arch/20070124.htmlHOME | news-press.com | Southwest Florida | The News-Press:: Exelixis Gets Ready to Partner Up. Fool Blog: Government Bailout for GM and Ford? After picking up Countrywide, its now the nations largest home lender http://www.uclick.com/client/fmn/fdHOME |
- Streamline.com, a quasi-Internet company whose real business is home
delivery of goods such as groceries, flowers and rented videos.
Customers can place orders via the Internet, fax and - how's this for
low-tech? - the telephone. Like Student Advantage, Streamline.com also
has set an offer price ($10 per share) below its proposed price range
($11-$13). The company is offering 4.5 million shares under the Nasdaq
symbol SLNE.
- Free e-mailer Mail.com, which is offering 6.85 million shares at $7
each, comfortably in the middle of its bizarre proposed pricing range of
$6.375 to $8.375. (Note to Mail.com: Round up.) The company was profiled
in the March 17 MiddayReport.
Introducing Internet StockTracker, the new weekly e-mail newsletter from
internet.com LLC. Every Friday internet.com will deliver to your e-mail
in-box the latest performance data on individual Internet companies and
their competitors. Internet StockTracker will deliver to you all the
statistics you need to assess the week's activity.
Subscribe today and receive the Charter Rate of $157 -- a savings of
$100 off the regular subscription price!
e-newsletters
E*Trade Australia Sells Equity to ANZ
SneakerLabs Delivers Web-Based Customer Contact Solution
|