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Technology Stocks : E*TRADE IPO ALERT THREAD -- Ignore unavailable to you. Want to Upgrade?

To: deanmkenley who wrote (14008)	12/2/1999 7:39:00 PM
From: stan s.	Respond to of 15145

ACOM, wow they've already doubled the pricing range and may not be done yet. Thursday December 2, 11:16 am Eastern Time Agency.com raises IPO price range to $22-$24/share WASHINGTON, Dec 2 (Reuters) - Internet consulting firm Agency.com Ltd. has doubled the expected price range for its initial public offering, to $22-$24 a share from $10-$12, the company said in a Securities and Exchange Commission filing. The New York-based company, which helps its clients develop Internet business models, including distribution, marketing and Web design services, now expects to raise about $123.7 million in net proceeds from the offering of 5.9 million shares. Agency.com said it plans to use the proceeds to repay debt under its credit facility, to expand operations, for working capital, for possible acquisitions or strategic investments, and for general corporate purposes. The company will have about 33.7 million shares outstanding after the offering. Agency.com plans to list its shares on Nasdaq under the symbol ''ACOM'' (NasdaqNM:ACOM - news). Goldman Sachs, Salomon Smith Barney and Hambrecht & Quist are underwriting the IPO.