Salon.com (SALN) Message Board

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Technology Stocks : Salon.com (SALN)

SALN 0.0001000

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Mar 7 3:00 PM EST

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To: wmf who wrote (9)	6/21/1999 9:49:00 PM
From: wmf	Read Replies (1) of 29

Online Mag Salon Priced At $10.50 For IPO Click on our sponsors! Updated 8:44 PM ET June 21, 1999 PALO ALTO, Calif. (Reuters) - The online magazine Salon.com was priced at $10.50 a share for its initial public offering Tuesday, its underwriter W.R. Hambrecht said late Monday. The price was at the low end of the $10.50 to $13.50 per share range set in April. Salon is going public under a new format called the "OpenIPO," which lets investors bid on their shares and is designed to give individual investors more influence in setting the price. Not a good sign. Lower end of range. Salon is offering 2.5 million shares, or about 23 percent of its total stock.

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