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Technology Stocks : divine interVentures, Inc. (DVIN) -- Ignore unavailable to you. Want to Upgrade?

To: astyanax who wrote (46)	2/14/2000 10:41:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 246

Whoa! DVIN priced to move: biz.yahoo.com Monday February 14, 8:29 pm Eastern Time Divine Interventures sets IPO at 50 mln shares WASHINGTON, Feb 14 (Reuters) - Divine Interventures Inc., a business-to-business e-commerce services firm, said on Monday to plans to sell 50 million shares of common stock in a range of $6-$8 per share in its planned initial public offering. The company will use the net proceeds, about $321.5 million, to acquire interests in and establish partner companies, general corporate purposes and working capital, according to an amended prospectus filed with the Securities and Exchange Commission. The Lisle, Ill.-based company provides capital to its partner companies, offers Internet-hosting and design, systems integration, information technology management and marketing as well as public relations services. After the offering there will be about 493.7 million shares outstanding in the company, putting its initial market capitalization at approximately $3.45 billion based on a $7 per share initial price, the midpoint of the set price range. The underwriters, led by Credit Suisse First Boston, have been granted the right to purchase an extra 7.5 million shares in the event of heavy demand. The company has applied to list its shares on Nasdaq under the symbol ``DVIN' (NasdaqSC:DVIN - news).

To: astyanax who wrote (46)	2/16/2000 1:48:00 AM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 246

I heard from a friend in Chicago that the CEO of DVIN, Filipowski was interviewed on PBS about the Goose Island Development that will house DVIN and a number of other high tech ventures. I understand that Mayor Daley was seen in the interview as a strong supporter of the DVIN venture. I understand that Mayor Daley's Brother (who is at Commerce Dept in Washington DC) was seen sitting next to Bill Clinton when he held a press conference on the recent computer hacking that affected the internet. I just mention these items to underscore the notion that the political aspects of the DVIN IPO are probably well covered and some references to changes in Federal law that are important to the viability of the Venture Capital format as an "internet zaibatsu" <G> will not impede the development of this new company.