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To: Premier who wrote (623)	6/28/1998 8:32:00 PM
From: surfinSteve	Respond to of 19700

GeoCities (GCTY) IPO...what's true and what's new: I located the SEC filing by doing an EDGAR search. Here's a link to the filing: sec.gov Here is what the EDGAR document says about the timing of the offering: APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon as practicable after this Registration Statement becomes effective. Note that the registration took place on: ...AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 12, 1998 REGISTRATION NO. 333- Check out the SEC filing document for tons of info in GCTY, such as: financial statements, who owns how many shares, executive pay and stock options, standard warnings about future uncertainty, etc. Rumors still fly, such as this one today at: finetown.com Message 15767 of 15794 by megazone A reply to message 15750 by ching June 28 98 5:43 pm EDT GCTY IPO latest is OCT this yr according to Geo's info. IT also said its depent on when CMGI issue a "GO GO". I can find no info on the GeoCities site specifying a date, so I don't take this post too seriously. I did find this geocities.com GEO IPO -- A MESSAGE FROM DAVID BOHNETT I'm pleased to announce that last Friday, June 12, 1998, GeoCities filed a Registration Statement with the Securities and Exchange Commission (SEC) for our Initial Public Offering (IPO) of the company's Common Stock. This is a significant milestone for the company, and we could not have come this far without the support and encouragement of our Homesteaders, Community Leaders, and Liaisons. The purpose of this message is to talk briefly about what the IPO means for GeoCities and for you. An IPO is basically a way for GeoCities to raise additional money to continue to grow and provide our Homesteaders, visitors, and advertisers with the best services we can offer. As many of you know, GeoCities has raised money from investors periodically since we started the company in November 1994. An IPO is pretty much the same thing, raising money from investors, except this time, if things proceed according to our plans, we will be offering stock for the first time to the general public. That's why it is called a "public offering." You can access the company's Registration Statement by visiting the SEC's home page at: sec.gov. You are probably also wondering: What does this mean for me and the other Homesteaders? Is GeoCities turning into a big corporation that doesn't listen or care about its members? The answer is definitely "no." Even though we are "going public," it will be business as usual for our community. After the IPO, GeoCities will continue to provide our Homesteaders, visitors, and advertisers with all of the valuable services we always have. In fact, a significant portion of the money we raise from the IPO will be used to provide additional services and community features for our Homesteaders, such as enhancing our server and network infrastructure and adding additional tools and utilities for the communty. The purpose of the IPO is to raise more money to create the best community on the Web, not to create a big corporate bureaucracy. On behalf of all of us at GeoCities, we appreciate your continued support and interest in our community. David Bohnett Chairman and Founder