Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (51669)	12/28/1999 4:35:00 AM
From: puborectalis	Respond to of 108040

IPO Report Synpan.com plans $1 billion IPO Digitas files to go public with a $200 million offering By Steve Gelsi and Amanda Tyler, CBS MarketWatch Last Update: 6:34 PM ET Dec 27, 1999 See: Net Stocks NEW YORK (CBS.MW) -- Synpan.com plans to go public with a $1 billion initial public offering, according to The Synpan Group of Companies. Synpan.com is a Web site whereby subscribers can e-mail George Charles Pappas, author of Synpan: Inside the Wellness Universe. Subscribers can also receive daily Synpan messages, encouraging them to start "upgrading [their] present life and reconnecting [their] God-self," according to the Web site, located at www.synpan.com. "The Synpan label will stand for making money and making a difference in people's lives," Pappas said in a statement. Synpan.com plans to file its initial registration within the first quarter of 2000. Breezecom Israel's Breezecom plans to raise between $40 million and $50 million, Reuters said the Israeli Maariv newspaper reported Monday. The offering would value Breezecom at between $200 million and $250 million, according to the newspaper. Breezecom CEO Michael Rothenberg told Reuters he could neither deny nor confirm the report. Digitas Digitas Inc., provider of Internet professional services, plans to go public with a $200 million offering, according to regulatory filings. In a Form S-1, released by the Securities and Exchange Commission Thursday after the market closed, the Boston-based company (DTAS: news, msgs) said it plans to use the financing for technology infrastructure improvements, working capital and other general corporate purposes, while allotting $69 million of the proceeds for repaying outstanding debt. Digitas also said certain shareholders will be offering an undisclosed number of shares in the IPO. One shareholder is Hellman & Friedman Capital Partners, which owns 71.77 percent of Digitas. Digitas provides marketing, strategy and technology solutions to various clients who have "embraced the Internet as a principal means of business transformation," the company said. Clients include American Express (AXP: news, msgs), AT&T (T: news, msgs) and General Motors (GM: news, msgs). Digitas did not disclose the number of shares it will offer or the price per share. Morgan Stanley will serve as lead underwriter. Underwriters break records in '99 Wall Street's underwriting engine was running at full steam in 1999 as the volume of debt and equity issuance in the U.S. exceeded $2 trillion for the second consecutive year, according to Thomson Financial Securities Data. Underwriting fees, management charges and selling concessions brought in a record $12.1 billion for investment banks this year, cracking last year's record mark of $11 billion. Merrill Lynch ranks as the top book manager of debt and equity with more than $327 billion in underwriting activity including Rule 144a private placements. That number matches the broker's year-ago total of $329.6 billion. Salomon Smith Barney ranked second with nearly $260 billion in domestic underwriting business, up from $255.9 billion in 1998. Morgan Stanley Dean Witter took third with more than $215 billion in book-managed debt and equity deals. That's about a 10 percent decline in volume from last year when the firm managed almost $240 billion in domestic underwriting.