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Technology Stocks : DRKOOP.Com,Inc - (Nasdaq - KOOP)

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To: Anthony@Pacific who wrote (76)	6/8/1999 7:06:00 PM
From: nikko	Read Replies (1) of 595

rd.yahoo.com*http://cbs.marketwatch.com/archive/19990608/news/current/ipo_rep.htx?source=blq/yhoo&dist=yhoo The Dr. is in Drkoop.com, a health-information Web site with 280,000 registered users by the end of May, priced 9.375 million shares at $9 each, vs. the original $7 to $9 estimated range listed in the company's earlier IPO filings. Bear Stearns is the lead underwriter. The Drkoop.com IPO follows a series of recent merger and acquisition and financing activity in the online healthcare sector, including the recent Healtheon/WebMD combination and the $50 million private financing for online drugstore PlanetRx. According to the statistics from research firm CyberDialogue, 17 million adults went online in the 12 months ended July to search for health-related information and about 50 percent of these people then bought something on the Internet because of what they found. The Austin, Texas firm was co-founded by C. Everett Koop, the former U.S. surgeon general perhaps best known for his strong stance against cigarette smoking. Koop owns 2.5 million shares of the company. With 27.5 million shares outstanding, not including outstanding options, Drkoop.com's initial market cap stood at $247.5 million. The company had $404,000 in sales and a loss of $4.3 million for the first quarter of 1999.

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