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To: esecurities(tm) who wrote (38)12/21/1998 12:43:00 AM
From: esecurities(tm)  Read Replies (2) | Respond to of 571
 
"Quick Pick-Up of IPO Issuance Seen In '99"

NEW YORK (Reuters) - "While the Christmas and New Year holidays will slow the new issues market in the next few weeks, a quick resumption is seen in January as underwriters strive to make up for the sharp decline of late 1998.

''Instead of the usual slow January, we'll see an early pick-up,'' said David Menlow, president of IPO Financial Network...''There's a very big appetite for online companies,'' said Kathleen Smith, portfolio manager at the Renaissance IPO Fund...Deals investors are watching for in 1999 are Marketwatch.com Inc., which provides online business news, and Prodigy Communications Corp., an Internet service provider..."


&copy 1998 Reuters By Holly Rosenkrantz dailynews.yahoo.com