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Technology Stocks : USAI, 61% stake in Ticketmaster Online-CitySearch IPO

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To: SteveG who wrote (177)12/2/1998 4:01:00 PM
From: R Hamilton  Read Replies (1) of 391
 
Ticketmaster-Citysearch IPO to price a day early

NEW YORK, Dec 2 (Reuters) - Ticketmaster-Citysearch <TMCS.O> has decided to price its initial public stock offering after the close of trading on Wednesday, a day earlier than anticipated, according to lead underwriter NationsBanc Montgomery Securities.

The company plans to offer 7 million shares at $11-$13 a share, up from the original range of $8-$10.

Ticketmaster-Citysearch's deal has been widely anticipated among investors ever since the Ticketmaster online affiliate of USA Networks Inc. <USAI.O> and Citysearch Inc. announced merger plans last summer.

14:07 12-02-98
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