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To: Maurice Winn who wrote (33177)	6/25/1999 2:01:00 AM
From: Caxton Rhodes	Respond to of 152472

China.com files for US$67.95 mln IPO on Nasdaq HONG KONG, June 25 (Reuters) - Greater China Internet portal operator China.com Corp said on Friday it plans an initial offering of 4.247 million shares on the U.S. Nasdaq stock market at an estimated price rang of US$14 to US$16 a share. Hong Kong-based China.com said it filed a registration statement with the U.S. Securities and Exchange Commission today for the offering, which includes an underwriters' over-allotment option to purchase an additional 637,050 Class A common shares. Excluding the overallottment option, the listing would raise US$59.46 million to US$67.95 million, based on the estimated offer price range. China.com Corp, 20 percent-owned by New World Infrastructure Ltd operates four major Internet Web sites -- www.china.com, www.hongkong.com, www.taiwan.com and www.cww.com -- which offer Chinese and English-language content, web-based electronic mail and other services. New World Infrastructure increased its stake in China.com earlier this month, and U.S. Internet giant America Online Inc (NYSE:AOL - news) acquired a 10 percent stake in the firm last week. Other investors include China's official Xinhua news agency, Sun Microsystems Inc (Nasdaq:SUNW - news), Internet advertising agency 24/7 Media Inc (Nasdaq:TFSM - news) and CMC Magnetics Corp . Shares in New World Infrastructure were off HK$0.40 or 2.88 percent at HK$13.50 in late morning trade on Friday following announcement of the China.com IPO. (Note: this article is ''in progress''; there will likely be an update soon.)