Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote (16110)	9/21/1999 2:08:00 PM
From: Mike E.	Read Replies (1) of 108040

News on the KANA IPO... Tuesday September 21, 12:42 pm Eastern Time Kana ups expected price range for IPO-SEC filing NEW YORK, Sept 21 (Reuters) - Kana Communications Inc. raised the expected price range for its initial public offering to $14-15 from $11-13, according to a Securities and Exchange Commission filing. Kana develops, markets and supports customer communication software products and services for electronic businesses. The Palo Alto, Calif.-based firm still plans to offer 3.3 million shares, or 12 percent of its outstanding shares, in the offering. Goldman Sachs is the lead underwriter on the deal. The company's IPO is one of the highly-anticipated deals set for this week because its software helps electronic commerce firms manage e-mail and Web site-based forms and provides a component of customer service online. The Gartner Group estimates that companies will receive 25 percent of all customer inquiries through e-mail and Web-based forms by 2001.

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