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Technology Stocks : PRGY-Prodigy Communications
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To: Satellite Mike who wrote (34)2/11/1999 8:23:00 PM
From: Not-U-Sir  Read Replies (1) of 419
 
NEW YORK, Feb 10 (Reuters) - Shares of Prodigy Communications Corp. sold for $15 in its initial public offering, raising
$120 million for the Internet access firm.

Lead underwriter Bear Stearns said 8.0 million shares of Prodigy were sold. The $15-a-share price tag was at the high end of
expectations of a price between $12 and $15 each.

Prodigy, based in White Plains, New York, is majority-owned by Mexican telecommunications holding company Carso Global
Telecom , part of the empire of Mexican billionaire Carlos Slim.

As part of the deal, Mexican telephone group Telmex (NYSE:TMX - news), another Slim property, would receive two million
shares at $15 apiece (corrects).

Prodigy has a national network that covers 600 U.S. cities in all 50 states, meaning 83 percent of the U.S. population could
access Prodigy services with a local telephone call.
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