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Technology Stocks : Mpath Interactive, Inc. (MPTH)

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To: Lao Ou who wrote (16)	4/28/1999 4:10:00 PM
From: Lao Ou	Read Replies (1) of 243

Wednesday April 28, 11:54 am Eastern Time MPath raises IPO price range to $14-$16 NEW YORK, April 28 (Reuters) - In a sign of strong demand, MPath Interactive (MPTH - news), a Web software developer targeting males 13 to 50 year old, raised the price range for its initial public offering to $14 to $16 per share from $12 to $14, the lead underwriter said Wednesday. MPath, which develops software for gaming sites on the Web, is expected to be among the hottest IPO deals this week. It will price 3.9 million shares with the help of lead manager BancBoston Robertson Stephens. The Mountain View, Calif.-based company operates Web sites such as mplayer.com, a gaming site that offers interactive, multi-player games. Almost 90 percent of the users of the company's gaming communities are male, representing one of the highest concentrations on the Web, according to the newsletter IPO Reporter. MPath also offers casino and board games. Marimba (MRBA - news) is another software IPO anticipated among investors this week. Marimba intends to price 4 million shares at $13 to $15 per share with the help of lead underwriter Morgan Stanley Dean Witter.

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