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Technology Stocks : Data Broadcasting Corp. (DBCC)

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To: esecurities(tm) who wrote (3074)1/12/1999 11:33:00 PM
From: esecurities(tm)  Read Replies (7) of 5102
 
"MarketWatch IPO May Soar [19-fold?] to Match Data Broadcasting"

MarketWatch IPO May Soar to Match Data Broadcasting (Update2)

New York, Jan. 11 (Bloomberg) -- MarketWatch.com Inc. shares could soar as much as 19-fold after the company's initial public sale this week, based on the surge in shares of Data Broadcasting Corp., which owns half the Internet company...Assuming all the $964.9 million increase in the market value of Data Broadcasting's shares since mid-December is in anticipation of the MarketWatch.com IPO, it implies a market value of $214 for each of the 4.5 million MarketWatch.com shares Data Broadcasting will hold after the sale...The run-up in Internet stocks has exceeded the increases in share prices of some non-Internet parent companies. If that were to hold true for MarketWatch.com, its shares would rise even more than indicated by the increase in Data Broadcasting's stock..."

source: © 1999 Bloomberg quote.bloomberg.com

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