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Strategies & Market Trends : Rande Is . . . HOME

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To: ~digs who wrote (8559)	6/23/1999 9:28:00 AM
From: Bucky Katt	Read Replies (1) of 57584

TD, mentioned before, is going ipo with their Waterhouse brokerage today. Waterhouse Boosts IPO Size To $1 Bln TD Waterhouse Group Inc., a discount brokerage, Tuesday increased the size for its stock offering by 31 percent to $1 billion, indicating that investor demand for online brokerage shares is still high, according to people close to the deal. TD Waterhouse, a unit of Canada's Toronto-Dominion Bank (NYSE:TD - news), is selling 42 million shares at $24 apiece. The offering of a 11.2 percent stake in the firm values TD Waterhouse at $9 billion. The New York-based company earlier this month said it would sell 32 million shares, or a 8.7 percent stake in the firm, for $20 to $24 apiece.

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