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Technology Stocks : StarMedia Network, Inc. (STRM)

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To: Crystal ball who wrote (271)	7/9/1999 10:19:00 AM
From: $Mogul	Read Replies (2) of 518

From Red Herring: The IPO on everybody's most wanted list is China.com (proposed Nasdaq symbol: CHINA), the Chinese answer to America Online (NYSE: AOL) -- which also happens to be one of the company's investors. The Wall Street talk is that China.com will be another StarMedia Networks (Nasdaq: STRM). That IPO had an explosive aftermarket performance and now trades about $55 a share, up 266.7 percent from its May 26 offering price of $15 a share. Lead manager Lehman Brothers (NYSE: LEH) expects to price China.com on Monday for Tuesday's trading. But that isn't the only big player on this week's schedule. The China.com offering has universal appeal. StarMedia had a respectable debut in a flat IPO market. The networking sector had the highest average opening-day gain in the first half of 1999. PICKS OF THE WEEK China.com, based in Hong Kong, delivers content, community, and commerce to Chinese-language audiences. Since 1997, the company has been developing a bilingual portal network. What StarMedia is to Latin America, China.com is to Asia. The IPO, expected to be the hottest of the week, should open big.

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