Mr. Pink's Picks: selected event-driven value investments Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ynot who wrote (10296)	6/28/1999 1:40:00 PM
From: Hawaii60	Read Replies (3) of 18998

According to this release. nothing could be further from the truth. Not only do they have a new partner. They have a million and a half in advertising and this coming Q is a guarenteed blowout with the repayment of the 7 million. (REUTERS) Net2Phone announces terms of its IPO Net2Phone announces terms of its IPO WASHINGTON, June 28 (Reuters) - Net2Phone Inc., whose Internet telephony services allow users to make low-cost telephone calls over the web, said Monday it plans an initial public offering of 4.8 million common shares. The stock may be priced between $10 and $12 per share and trade on Nasdaq under the symbol NTOP, beginning in late July. Net2Phone disclosed the terms of the IPO in an amended filing with the Securities and Exchange Commission, which had more details than its original May 18 filing. If there is huge demand for the stock, then the IPO underwriters -- Hambrecht & Quist, BT Alex. Brown and Bear Stearns -- have an option to buy 720,000 more shares from the company. At Net2Phone's request, the underwriters plan to reserve 300,000 shares for the National Broadcasting Co. (NBC), the television network unit of General Electric Co. <GE.N>,which holds 5.5 percent of Net2Phone. Other major shareholders include telecommunications provider IDT Corp. <IDTC.O> with 66.2 percent; Japanese software company Softbank Corp. <9984.T>, holding 11 percent; and America Online Inc. <AOL.N>, with 5.5 percent. Net2Phone plans to use the net proceeds from the offering to repay IDT $7 million on an outstanding note and $1.5 million to NBC for television advertising.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next