Wednesday June 9, 5:50 pm Eastern Time
Company Press Release
SOURCE: drkoop.com,Inc.
drkoop.com Announces the Exercise of the Underwriters' Over-Allotment Option
AUSTIN, Texas, June 9 /PRNewswire/ -- drkoop.com, Inc. (Nasdaq: KOOP - news) today announced that the underwriters of its recent initial public offering exercised their over-allotment option to purchase an additional 1,406,250 shares of the Company's common stock at $9 per share.
The Company announced on June 8, 1999 that it had priced its initial public offering of 9,375,000 shares of common stock at $9 per share. Bear Stearns, Hambrecht & Quist, and Wit Capital Corporation are the managing underwriters in the offering.
A copy of the prospectus related to the initial public offering may be obtained from Bear, Stearns & Co. Inc., 245 Park Avenue, New York, New York 10167, Attention: Prospectus Department, or by faxing a written request to 516-254-7410.
The Company operates drkoop.com, a leading Internet-based consumer healthcare network. The Network consists of a consumer-focused interactive website which provides users with comprehensive healthcare information and services, as well as affiliate relationships with portals, other websites, healthcare organizations and traditional media outlets. The drkoop.com Network is an internet healthcare initiative which integrates dynamic healthcare content on a wide variety of subjects, interactive communities and tools as well as opportunities to purchase healthcare-related products and services on-line. drkoop.com is the exclusive provider of health and related content on three websites of the GO Network: GO Health Center, ESPN.com Training Room and the Family.com Health Channel. drkoop.com is also the premier health content provider for GO's ABCNEWS.com.
SOURCE: drkoop.com, Inc. |
