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Technology Stocks : GeoCities

GCTY 450.00

0.0%

Mar 16 5:00 PM EST

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To: TomX who wrote (45)	7/22/1998 1:08:00 PM
From: surfinSteve	Read Replies (3) of 316

GeoCities IPO set to trade on Aug. 11th!!! cbs.marketwatch.com GeoCities, which hosts the only Web property among the 10 most heavily trafficked that isn't yet part of a public company, filed to sell 4.75 million shares at $12 to $14 each. At the top end of the range, the Santa Monica, Calif.-based company would be worth $429 million, not including outstanding options. Excitement over the upcoming GeoCities' IPO, which some analysts believe could outperform Broadcast.com's last week, has given a huge boost to shares of CMG Information Services (CMGI). CMG is the largest shareholder in GeoCities, which allows users to create their own Web pages. According to lead underwriter Goldman Sachs, GeoCities is scheduled to price on Aug. 10 for trading the next day.

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