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Technology Stocks : Mpath Interactive, Inc. (MPTH)

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To: mact who wrote (11)4/26/1999 10:37:00 AM
From: Mohan Marette  Read Replies (1) of 243
 
Mpath IPO price range raised to $13-$14.00- Mpath blazing trail in its industry--->

mact:
This just crossed the wires.Looks like there is some demand here as indicated by the increase in price range.
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Monday April 26, 10:29 am Eastern Time

MPath IPO price range raised to $12-14-underwriter

NEW YORK, April 26 (Reuters) - In a sign of strong demand, the expected price range for Mpath Interactive Inc.'s initial public offering was raised to $12 to $14 from $10 to $12, lead underwriter BancBoston Robertson Stephens said Monday.

The company, which makes technology to allow groups of people to talk to each other on the Internet, plans to offer 3.9 million shares in an offering later this week.

The Mountain View, Calif-based firm also operates its own online community.

Analysts have said that the company is blazing the trail in its industry, with a strong technology lead in the online community arena.

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