Engage Technologies Inc - (Nasdaq - ENGA) Message Board

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Technology Stocks : Engage Technologies Inc - (Nasdaq - ENGA)

ENGA 0.160

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May 26 5:00 PM EST

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To: Scarecrow who wrote (195)	7/20/1999 11:02:00 AM
From: Mohan Marette	Read Replies (1) of 754

CMGI's Engage Technologies Raises $90 Mln in Initial Stock Sale Bloomberg News July 20, 1999, 6:54 a.m. PT CMGI's Engage Technologies Raises $90 Mln in Initial Stock Sale Andover, Massachusetts, July 20 (Bloomberg) -- Engage Technologies Inc., an Internet marketing company controlled by Web venture company CMGI Inc., raised $90 million in an initial stock sale. The Andover, Massachusetts-based company sold 6 million shares at $15 each, the top of the $13 to $15 range set by Goldman, Sachs & Co., which handled the sale. The sale represented a 13 percent stake and gave the company a market value of $703.7 million. Engage Technologies will trade under the symbol ''ENGA'' on the Nasdaq Stock Market later today. Hambrecht & Quist LLC and Bear, Stearns & Co. assisted in the sale.

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