STEAMROLLER'S DAYTRADES Message Board

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Strategies & Market Trends : STEAMROLLER'S DAYTRADES

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To: STEAMROLLER who wrote (1091)	9/23/1998 6:40:00 PM
From: STEAMROLLER	of 1561

Goldman boosts eBay IPO price range Reuters Story - September 23, 1998 12:05 Jump to first matched term NEW YORK, Sept 23 (Reuters) - Investment banking firm Goldman Sach & Co., said Wednesday that it boosted the price range of its underwritten initial public offering of eBay Inc. eBay, an online auctioneer, will offer 3.5 million shares for between $16 and $18 each, up from $14-$16 each, raising the value of the deal to about $59.5 million based on the midpoint price. The number of shares remained unchanged. eBay will be the first IPO the come to the market in a month, after scores of postponements and delays caused by broader market concerns. Analysts have said that eBay, which matches buyers and sellers of all kinds of products over the Internet, may be one of the catalysts to help push the IPO market back on track. Niche Internet firms seem to excite investors hoping for the next new wave of super summer stocks like GeoCities and Broadcast.com , two Internet-related firms that saw big hikes in their share price on the first day of trading.

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