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Technology Stocks : DoubleClick Inc (DCLK) -- Ignore unavailable to you. Want to Upgrade?


To: STINKY who wrote (19)2/20/1998 9:06:00 AM
From: Dale Baker  Read Replies (1) | Respond to of 2902
 
Has anybody managed to place an order on E*Trade?



To: STINKY who wrote (19)2/20/1998 10:53:00 AM
From: STINKY  Read Replies (2) | Respond to of 2902
 
CORRECTED - IPO PRICING - DoubleClick

In NEW YORK story headlined ''IPO PRICING - DoubleClick (DCLK - news) priced at $17,'' please read in third
paragraph ...increased to 3.5 million..., instead of ...3.0 million... (company corrects number of shares).

In same paragraph, please read ...about $60 million..., instead of ...more than $50 million... corrects figure).

A corrected version follows.

NEW YORK, Feb 20 (Reuters) - Shares of Internet advertiser DoubleClick Inc were priced at $17 for the Internet
advertiser's red-hot initial public offering, according to lead underwriter Goldman Sachs & Co.

The price comes well above initial expectations, with the company raising nearly double what it had expected when it first filed
to launch a stock offering.

DoubleClick first estimated it would sell 2.5 million shares at $12 to $14 each in a $30 million IPO. But as demand soared, the
price range was hiked to $16 to $17 a share. The number of shares was also increased to 3.5 million. (corrects figure) That
would raise about $60 million. (corrects figure)

The company's shares are to start trading Friday under the symbol (DCLK - news) on the Nasdaq. Other underwriters include
BT Alex. Brown and Cowen & Co.