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Technology Stocks : Digitas (DTAS) -- Ignore unavailable to you. Want to Upgrade?

To: Neil H who wrote (3)	3/14/2000 7:46:00 AM
From: Neil H	Read Replies (1) \| Respond to of 10

NEW YORK (CBS.MW) -- Digitas priced its initial public offering $4 above the expected range as the Internet services firm reading its initial public offering for a Tuesday debut. Digitas (DTAS: news, msgs) is offering 9.3 million shares of stock at $24 each, well above its $18-to-$20 range. The pricing signals that the IPO market wasn't stymied by the big sell-off on the Nasdaq on Monday. It's in line to raise $223 million with lead underwriter Morgan Stanley Dean Witter. With 57 million shares outstanding after its IPO, Digitas would have a market cap of $1.4 billion, based on its offering price. The Boston-based company bills itself as a leading Internet professional-services firm that helps companies meet the challenges and opportunities of the Internet. Clients include American Express, AT&T, General Motors, Dell and L.L. Bean. Competitors include USWeb (USWB: news, msgs), Agency.com (ACOM: news, msgs) and Razorfish (RAZF: news, msgs).