ipo news.
i have been lurking and i am long.
navr. looks like this is it. i just found a link.
newsalert.com.
March 03, 1999 08:10
Navarre Unit NetRadio Files $37.4M Of Common Stock For IPO
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(NewsTraders.com)-- NetRadio Corp., currently a majority-owned subsidiary of Navarre Corp. (NAVR), is seeking to sell up to $37.4 million of common stock in an initial public offering, according to a Form S-1 filed this morning with the SEC.
Based in Minneapolis, Minn., NetRadio believes itself to be a leading network broadcaster of original audio content programming on the Web.
The company says it broadcasts more than 120 channels of music, news, sports and entertainment information 24 hours a day, seven days a week.
The specifics of the offering, anticipated for weeks, were not provided in the preliminary filing.
Net proceeds, which also were not estimated, will be used for working capital and other corporate purposes, including advertising and capital expenditures.
Upon completion of the offering, Navarre and ValueVision International (VVTV) will continue to control a majority of NetRadio's common stock, but such amount was not stated in the filing.
NetRadio's web site can be located at www.netradio.com.
IPO Expectations:
Price per share: Unknown
Shares being offered: Unknown
Shares to be outstanding: Unknown
Company location: Minneapolis, Minn.
Exchange/Symbol: Nasdaq/NETR
Underwriter(s): Everen Securities Inc.
Copyright 1999 NewsTraders Inc. All Rights Reserved 08:35 Wednesday, March 03, 1999
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