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To: Craig Rogers who wrote (1387)	12/4/1998 12:49:00 PM
From: Manly	Respond to of 27722

UBID IPO Soars! If NAVR is planning an IPO - the time is now!!!! uBid IPO soars four-fold Online auctioneer rockets as high as $67 a share from $15 offering price December 4, 1998: 12:20 p.m. ET IPOs find strong demand - Dec. 3, 1998 IPOs roar back to life - Dec. 1, 1998 Internet propels IPOs - Nov. 30, 1998 IPO Spotlight uBid NEW YORK (CNNfn) - After days of anticipation, online auctioneer uBid lived up to investors' high hopes and then some Friday, soaring to a 347 percent premium of $67 in its first trading day on the Nasdaq before settling back to $51. The blazing start secured the Internet company's place in the growing pantheon of red-hot initial public offerings by Internet companies, led by such irrepressible upstarts as eBay and theGlobe.com. Shares of eBay (EBAY) were off 5/8 at 186-3/8 Friday, while theGlobe.com (TGLO) was unchanged at 28-7/8 on the Nasdaq. uBid, based in Elk Grove Village, Ill., raised $22.5 million after pricing its 1.5 million share IPO at $15 per share, the top of an expected $14 to $15 range. The company's lead underwriter, Merrill Lynch, had raised the price from an earlier $13 to $14 range. UBid's fortunes Friday underscored the continuing strength of new Internet issues as the IPO market struggles to regain momentum after lying nearly dormant for months. On Thursday, Ticketmaster Online-Citysearch, an Internet company that sells tickets via the Web for live entertainment events and offers a city update guide, rocketed 188 percent in its first trade session. Ticketmaster shares climbed 7-1/4 to 47-1/2 Friday. After averaging 44 new issues a month in the first half of the year, new stock issues slumped dramatically in August, September and October on the heels of a market downturn. They have been making a gradual comeback since last month, with the appearance again for the first time of non-Internet issues in the IPO mix.