USAI, 61% stake in Ticketmaster Online-CitySearch IPO Message Board

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

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To: R Hamilton who wrote (180)	12/2/1998 11:28:00 PM
From: SteveG	Read Replies (2) of 391

<A> Searching for the next winner "....Meanwhile, investment bank NationsBanc Montgomery Securities priced a 7 million-share offering from Ticketmaster Online/CitySearch a day early at a higher-than-expected $14 offering price. Ticketmaster Online/CitySearch, which runs a number of online community guides and sells tickets to entertainment events, had been expected to price Thursday night at $8 to $10 a share. The early debut and increased offering price suggest strong demand for the stock when it begins trading Thursday on Nasdaq under the ticker "TMCS." Ticketmaster Online and CitySearch merged earlier this fall, right before CitySearch was slated to go public in an offering also headed by NationsBanc Montgomery Securities. The impressive performance from San Jose, Calif.-based E-Tek (ETEK) should help Ticketmaster Online/CitySearch and give a boost to Barry Diller's USA Networks (USAI), which has a 40.5 million-share stake in the newly public company. Another Internet player, uBid, is expected to hit Wall Street in a Friday initial offering...." from cbs.marketwatch.com also: "Diller defends values for Internet stocks" biz.yahoo.com Lastly, NBMO said TMCS likely will not trade until after 9AM PST to find the expected order-imbalanced market. Will post pre-opening indications... I personally wouldn't consider selling USAI until nearer to or after TMCS open (IF then) as I am sure TMCS will run significantly after trading begins.

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