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Technology Stocks : Talk City Inc - (Nasdaq-TCTY) -- Ignore unavailable to you. Want to Upgrade?

To: sjemmeri who wrote (17)	7/20/1999 10:59:00 AM
From: Mohan Marette	Respond to of 293

Talk City, Online Community Operator, Raises $60 Mln in IPO Bloomberg News July 20, 1999, 7:29 a.m. PT Talk City, Online Community Operator, Raises $60 Mln in IPO Campbell, California, July 20 (Bloomberg) -- Talk City Inc., which runs chat rooms and also develops online communities for other Internet companies, raised $60 million in an initial stock sale. The Campbell, California, company, based near San Jose, sold 5 million shares at $12 each, raising $60 million. The shares were sold at the top of the $10-to-$12 range set by Lehman Brothers Inc., which handled the transaction. The sale represented a 21 percent stake and gave the company a market capitalization of $290.1 million. Talk City will trade under the symbol ''TCTY'' on the Nasdaq Stock Market. Volpe Brown Whelan & Co. and U.S. Bancorp Piper Jaffray assisted in the sale.