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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 247.35

+0.4%

Jan 9 9:30 AM EST

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To: Robert Rose who wrote (86598)	12/8/1999 10:45:00 AM
From: H James Morris	Read Replies (1) of 164684

<<Tuesday was also a busy day for IPOs that are pricing later this week. Four pending new issues increased the terms of their expected pricings later in the week. In what has to be a record, FreeMarkets (Nasdaq:FMKT), a provider of auction-based software and services that facilitates business-to-business e-commerce, increased its pricing range by over 170% from $14-$16 to $40-$42. If FreeMarkets were to price at the top of the range at $42, that would represent an additional $93.6 million in capital raised relative to the top of the previous pricing range of $16. This not only demonstrates investor's appetite for business-to-business e-commerce issues, but also the increasing willingness of underwriters to price issues at previously unheard of levels. Over the past year, millions of dollars have been left on the table because of conservatively priced issues. FreeMarkets is a great company in a hot industry, so we will have to wait and see if this phenomenon is limited to FreeMarkets only.>>

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