InfoSpace.com Makes Space for
More Shares
Monday, December 14, 1998
By Jonathan Noel, IPO.com
InfoSpace.com has increased the amount of its IPO,
which may take place later today, and will now sell 5
million shares in a price range between $13 and $15.
The move is still another indication of the current
investor fervor for Internet IPOs and is an increase
almost 60% over the company's original plans to sell 4
million shares in a range between $9 and $11. The new
maximum amount for the offering is $75 million, up
from the previous max of $44 million.
InfoSpace.com is based in Redmond, WA, and is a
leading provider of online content, such as maps, yellow
pages, and stock-quotes, which it syndicates to a broad
network of affiliates, including Internet portals,
destination sites and suppliers of PCs and other
Internet access devices.
The company's affiliates include AOL, Netscape,
Microsoft, Lycos, MetaCrawler, Playboy, Dow Jones,
and ABC LocalNet.
The lead underwriter for the offering is Hambrecht &
Quist.
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