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Technology Stocks : CBS MarketWatch (NASDAQ:MKTW)

MKTW 16.23

-3.9%

Nov 14 9:30 AM EST

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To: ducster who wrote (206)	1/15/1999 12:32:00 AM
From: ilh1	of 571

Special to CNET News.com January 14, 1999, 4:30 p.m. PT SAN FRANCISCO--Financial news Web site MarketWatch.com raised $46.8 million in an initial stock sale that tapped investors' strong interest in both the Internet and financial news. The San Francisco-based company sold 2.75 million shares--a 23 percent stake--at 17 each. That was $1 above the top of the 14-to-16 expected range, which was raised from 10-to-12 yesterday by lead underwriters BT Alex Brown and Donaldson, Lufkin & Jenrette Securities. The sale gave MarketWatch.com a market capitalization of $199.8 million. (IMO, MKTW is no UBID and might not prove to be the stellar investment that many think.)

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