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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Annette who wrote (9955)	3/3/1999 1:34:00 PM
From: Edward Y. Lee	Read Replies (1) of 27722

Annette, I was just looking at the announcement. $37 million is the offering price. Is that a low amount for an IPO? I am assuming that the IPO initial price will be in the teens, so suppose I use $17.00 per share. $37,000,000 / $17.00 = 2.1 million shares Assuming the underwriters take their usual amount, 2 million is a good ball park figure for the amount of shares to be sold. Is that a logical guess? Edward

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