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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.88-0.8%Nov 17 3:59 PM EST
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To: Glenn D. Rudolph who wrote (78645)9/26/1999 11:12:00 AM
From: Jan Crawley  Read Replies (1) of 164684
 
RE-- PCLN:
Message 11358851 "....public markets through February 7, 2000 is relatively small compared to priceline?s average daily trading volume of 1.2 million shares per day. On September 26, 1999 only 5.1 million shares will become eligible for sale in the public markets following the termination of the lock-up related to priceline?s Initial Public Offering (compared to approximately 142 million shares that would have become eligible for sale after the expiration of the IPO lock-up prior to the aforementioned lock-up extensions). Another 1.5 million shares will become eligible for sale in October and November. In December and January, 11.6 million shares will become eligible for sale in the public markets, although many of these shares are held by directors of priceline.com or by large institutional investors in priceline?s last pre-IPO venture round....."
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