PCQuote.com, Inc. (PCQT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PCQuote.com, Inc. (PCQT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sjemmeri who wrote (19)	3/8/2000 11:30:00 PM
From: Glenn Petersen	of 23

HYPR has officially withdrawn the PCQT IPO. biz.yahoo.com Wednesday March 8, 5:24 pm Eastern Time PCQuote asks SEC to withdraw proposed IPO WASHINGTON, March 8 (Reuters) - Online financial news provider PCQuote.com Inc. asked the Securities and Exchange Commission to withdraw its proposed initial public offering because of ``unfavorable market conditions.' The company, which had already postponed the IPO last October, said the board also determined the offering ``would not be in the best interests of its stockholders,' according to a letter sent filed with the SEC. PCQuote.com had planned to sell five million shares for between $8-$10 a share and use the $36.3 million in projected net proceeds for sales and marketing, acquisitions, hiring more employees, repayment of debt and general corporate purposes, according to the most recent prospectus filed with the SEC on Oct. 4, 1999. HyperFeed Technologies Inc. held at that time 98.7 percent of Chicago-based PCQuote.com and had planned to sell 500,000 of the five million shares in the offering. Prudential Securities was the lead underwriter for the IPO and PCQuote.com had applied to list its shares on Nasdaq under the symbol ``PCQT' if it had gone public.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next