divine interVentures, Inc. (DVIN) Message Board

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Technology Stocks : divine interVentures, Inc. (DVIN)

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To: Edwin S. Fujinaka who wrote (60)	3/3/2000 1:57:00 AM
From: high.hopes	Read Replies (1) of 246

Albeit a bit dated, I found something nontrivial. Please make sure I'm down for the 100 ipo shares! George its a wonderful idea - will make you famous and us a bit richer. Divine InterVentures Expects IPO to Raise $460 Mln Paper Says By John Stebbins Chicago, Feb. 28 (Bloomberg) -- Divine interVentures inc., a Lisle, Illinois-based Internet company, expects to raise $460 million when it goes public the week of March 27, up from initial estimates of about $250 million, the Chicago Sun-Times reported. The offering is expected to be 57.5 million shares priced at as much as $8 a share, with founding insiders controlling 56 percent of the voting power in the company. Divine plans to use the proceeds to invest in and develop Internet business-to-business companies, the Sun-Times reported. The suburban-Chicago company hired Donaldson, Lufkin & Jenrette to underwrite the offering with Bear, Stearns & Co.; Robertson Stephens; William Blair & Co. and DLJdirect Inc., and plans to trade on Nasdaq using the symbol ``DVIN.' (Chicago Sun-Times 2/28 44) For the Chicago Sun-Times Web site, type CGST .

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