eDrugstores: Drugstore.com, PlanetRx and Soma Message Board

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Technology Stocks : eDrugstores: Drugstore.com, PlanetRx and Soma

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To: Glenn D. Rudolph who wrote (159)	7/26/1999 11:24:00 AM
From: Robert Rose	Read Replies (1) of 254

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 (Nasdaq:DSCM - news), 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.

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