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Technology Stocks : DrugStore.com
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To: go_bucks who wrote (40)7/26/1999 10:01:00 AM
From: AJ Berger   of 60
 
Drugstore.com IPO price range zooms to $15-17/shr

WASHINGTON, July 26 (Reuters) - The estimated price range
for Drugstore.com Inc.'s initial public offering of five
million common shares shot up to $15-17 per share from $9-11
per share, the online drug store said on Monday.
The shares will trade on Nasdaq under the symbol <DSCM.O>,
the Bellevue, Wash., company said in a Securities and Exchange
Commission filing that had the latest price range.
The IPO is tentatively expected to begin trading on July 28
and the underwriters are Morgan Stanley, Donaldson Lufkin &
Jenrette and Thomas Weisel Partners, who have an over-allotment
option on 750,000 more shares.
Net proceeds will be used for general corporate purposes,
including working capital and capital expenditures.
((Peter Ramjug, 202-898-8399))
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