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Microcap & Penny Stocks : XSNI - X-Stream Network
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To: Jeffrey D who wrote (3455)3/1/2000 5:00:00 AM
From: Jon C  Read Replies (2) of 3519
 
Give me some shares in LibertySurf at the IPO price and you can have my x-stream shares.

:

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Kingfisher's LibertySurf IPO price range reportedly values it at 2.5-3 bln eur

Date: 01 Mar 2000 07:25:04
Service: AFX
LONDON (AFX) - Investment bankers handling the initial public offering of
France's LibertySurf -- controlled by Kingfisher PLC -- plan to value the firm's
customers at roughly four times what Freeserve's users fetched when it debuted,
the Wall Street Journal reported in its online edition.
The World Online flotation in Amsterdam today is expected to be valued at a
similar amount, analysts said.
Deutsche Bank, the lead manager of the offering, is discussing a preliminary
price range that would value the French internet-service provider at between 2.5
bln and 3 bln euros.
Based on the number of "active users," the valuation would make LibertySurf
more than four times pricier than Freeserve when the UK internet-service
provider went to market in July 1999.
LibertySurf's director of strategy and development declined to comment, as
did Deutsche Bank, citing the "quiet period" surrounding the IPO. Kingfisher
holds a controlling stake in the French company.
vs/jfr

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