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

To: Gary Korn who wrote (19)	11/13/1999 11:13:00 PM
From: blankmind	Read Replies (1) \| Respond to of 85

read this article from the wsj, very convincing. see bold. November 12, 1999 Ebookers.com Rises 43% In Nasdaq Market IPO Dow Jones Newswires LONDON -- Shares in ebookers.com, a United Kingdom online travel shop, rose as much as 94% on their debut on Nasdaq Stock Market. The shares rose to $35 (33.51 euros) before slipping back to $25.6875 in late afternoon trading Thursday. They had been priced at $18 -- the top end of an already boosted range -- and had been 25 times oversubscribed. Ebookers.com will also begin trading on Germany's Neuer Markt this Friday. "Everyone is after European high-tech growth stocks; that's the next big thing. Investors wanted the first mover in our space and that's what we are giving them," said founder and Chief Executive Dinesh Dhamija. "We are really excited. We have never done this before; J.P. Morgan held our hand all the way," he added. J.P. Morgan was the global coordinator behind the deal. The CEO said 51% of the $61.2 million raised would go on marketing, 24% on acquisitions and the rest would mainly be on technology. The online travel agency plans to roll out its service into most Western European countries within nine months. Ebookers.com will create an additional 150 jobs over the next year. The CEO explained that ebookers.com chose Nasdaq because it was the premier Internet market and the Neuer Markt as it was the top European high-tech market. Also, the company wants to raise its profile in Germany. But he said the company hasn't ruled out a listing in London and could end up doing a retail offer in the future.