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Technology Stocks : Internet Capital Group Inc. (ICGE) -- Ignore unavailable to you. Want to Upgrade?

To: KevRupert who wrote (1241)	2/4/2000 12:54:00 AM
From: saket chadda	Read Replies (2) \| Respond to of 4187

Oniva IPO has been set. The squeeze I was waiting for is finally here. Very difficult to predict how high it will go. It could stop in a day, it could go on for 5 days. ICGE's history says that the fifth day of the squeeze is usually the final one. The nest 4 trading days should be very positive. If the market cooperates, it could go up an average of 20 points for the next 4 days. That would put it squarely against its all time high. FOr ICGE to go beyond that in the short term would be difficult unless there are couple of more IPO's announced soon. SC Thursday February 3, 10:54 pm Eastern Time Onvia.com sets IPO at 8 mln shares, $11-$13/shr WASHINGTON, Feb 3 (Reuters) - Onvia.com Inc., an e-marketplace for small businesses to buy and sell services and products, said Thursday it plans to sell eight million shares in a price range of $11-$13 a share in its initial public offering. The company, based in Seattle, said it will likely net about $87.9 million from the offering which will be used for working capital, to fund operating expenses and pay for possible future acquisitions, according to an amended prospectus filed with the Securities and Exchange Commission. After the offering, there will be about 76.2 million shares of common stock outstanding in the company, putting its initial market capitalization at $914.4 million based on a $12 per share initial midpoint price. The underwriters, led by Credit Suisse First Boston, have been allotted an extra 1.2 million shares to purchase to meet heavy demand. Onvia.com has applied to list its shares on Nasdaq under the symbol ``ONVI' (NasdaqSC:ONVI - news) once it goes public.