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Technology Stocks : EBOOKERS.COM (ebkr) - priceline/expdia of Europe -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (3)	11/11/1999 7:24:00 PM
From: blankmind	Read Replies (1) \| Respond to of 85

25x over subscribed (see bold) Ebookers.com Prices At $18, Raises $61.2M In $306.4M IPO November 11, 1999 LONDON -- Ebookers.com PLC, the U.K. on-line travel shop, Thursday priced its share offering at $18 - the top end of an already-boosted price range. Shares were initially offered at $13-$15 each, but this was raised Tuesday to $15-$18 a share. The company, which is issuing 3.4 million American depository receipts and is listing on Nasdaq and the Neuer Markt, is raising $61.2 million. The deal gives the company a stock market value of $306.4 million. The offering was 25 times oversubscribed, attracting strong interest from European and U.S. investors. (Corrected 1534GMT) "By raising $61.2 million we can now aggressively pursue our strategy to become Europe's leading online travel company," said Dinesh Dhamija, founder and chief executive. "The European Internet market is in hyper-growth stage, and with our extensive knowledge and experience within the sector, we are well positioned to realize this huge market opportunity," he added. Ebookers.com is a leading provider of on-line travel services for leisure and small business travelers in Europe. The company was split off from Flightbookers, a London-based travel agent, in June 1999. J.P. Morgan is acting as global co-ordinator. Co-lead managers are Commerzbank, Salomon Smith Barney and SG Cowen.