To: esecurities(tm) who wrote (1621 ) 12/6/1998 10:09:00 PM From: esecurities(tm) Read Replies (2) | Respond to of 5102
IPO VIEW-More hot deals seen after watershed week NEW YORK, Dec 6 (Reuters) - After one of the strongest weeks for new issues in a while, underwriters are expected to roll out many potentially hot deals to get in on a market that has bounced back from its worst slump in years. This week, five Internet companies are scheduled to go public, and following a pattern in cyber-offerings, nearly all are expected to soar. And in what is set to be the last giant offering of 1998, CBS Corp.'s (NYSE:CBS - news) radio unit Infinity Broadcasting Corp. is slated to hit the market in a deal designed to raise between $2.565 and $2.97 billion -- one of the biggest U.S. IPOs ever. ''Infinity is certainly a good deal in good shape, but it's not the deal of the week by any far stretch of the imagination,'' said John Fitzgibbon, editor of the IPO Reporter newsletter. ''The play in town is Internet, Internet, Internet.'' The five Internet companies expected this week are Xoom.com (XOOM - news), AboveNet Comm (ABOV - news), Exchange Applications (EXAP - news), Internet America (OTC BB:PUNK - news), and Infospace.Com (INSP - news). Next week, Audiohighway.com (AHWY - news) will debut. Indeed, the sizzle in this past week's IPO market came from two Internet start-ups, Ticketmaster Online CitySearch Inc. (Nasdaq:TMCS - news) and uBid Inc. (Nasdaq:UBID - news). Both joined the ranks of high-flying cyberstocks, posting gains of over 200 percent after their IPOs..." © copyright December 6, 1998 Reuters By Holly Rosenkrantzbiz.yahoo.com ...wherefore art thou marketwatch?...did the Co-CEOs' friends [and trader's] on wall street [convince] them to IPO/formally announce after Dec 18th?...triple witching and 5000+ call option open contracts expire...by coincidence?...IPO should have been anytime since the recent Nov 27 [S-1/A] pricing and appx. Dec 17? ...at the latest? [one day before option expiration] ref Message 6572032 and reply-1538...esp. given this uniquely exigent climate...