FYI:
(BSNS WIRE) Medscape Postpones Initial Public Offering Due to Market Con
Medscape Postpones Initial Public Offering Due to Market Conditions
Business/Health & Medical Editors
NEW YORK--(BW HealthWire)--Aug. 11, 1999--Medscape, Inc., which
operates Medscape.com, a provider of authoritative health and medical
information on the Internet, said today that it is postponing its
planned initial public offering of 5,400,000 shares of Common Stock
due to market conditions.
Medscape President and CEO Paul Sheils said the company will
continue to evaluate market conditions with the possibility of
proceeding with the offering at a future date.
The decision to postpone the offering was made in conjunction
with the managing underwriters: Donaldson, Lufkin & Jenrette; Credit
Suisse First Boston; Bear, Stearns & Co. Inc.; Wit Capital Corporation
and DLJdirect Inc. |
