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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (3447)	12/28/1998 10:40:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Upcoming IPOs. Monday December 21, 2:39 pm Eastern Time Pacific Internet IPO moved to new year NEW YORK, Dec 21 (Reuters) - With the holiday season in full swing and financial markets slowing down, Pacific Internet (Nasdaq:PCNTF - news), a Singapore company that offers Internet access in Asia, decided Monday to move its initial public offering to January 1999. Lead underwriter Lehman Brothers blamed SEC issues for the delay. Rolling Pin Kitchen Emporium Inc. (Nasdaq:RPKE - news) also moved its offering of 1.5 million shares between $6 to $8 into the new year. Outlook Sports (Nasdaq:TGRA - news) was another company that decided to wait with the pricing of its 2.5 million shares IPO till 1999. Marketwatch.com, NetSolve, iVillage and Pacific Internet are among the offerings many investors are anticipating for early next year. =================================== Friday December 18, 4:29 pm Eastern Time Asian Web IPO Pacific Internetseen a hit By Nadja Rogoszynski NEW YORK, Dec 18 (Reuters) - Pacific Internet Ltd. (Nasdaq:PCNTF - news), a Singapore company that offers Internet access in Asia, should reward investors in the final Internet initial public offering of 1998, analysts said on Friday. Despite Asian economic turmoil, analysts said, Internet stocks seem to have been prospering. David Menlow, an analyst at IPO Financial Network in Millburn, N.J., predicted Pacific Internet shares would open with a minimum 25 percent premium over their IPO price. Menlow said he has seen a conscious move by large U.S. underwriters into Internet deals in non-U.S. markets. ''The Internet is like a large weed continuing to grow and take over,'' Menlow said. He said the deep pockets of such underwriters could help emerging cyber-companies. ''Singapore is a unique angle,'' said Kathleen Smith, portfolio Manager at the Renaissance IPO Fund (Nasdaq:IPOSX - news). ''The economy there has been declining, yet this business is growing,'' she said, Analysts were predicting success for Pacific Internet even though it belongs to a less glamorous niche as an Internet service provider (ISP) and not a high-profile content provider. Lead underwriter Lehman is expected to price 2.5 million shares of Pacific Internet, an affiliate of SembCorp Industries , for between $13 to $15 each on Monday after the market close for trading on Tuesday. That would raise about $35 million. But Renaissance Capital analyst Jennifer McBrien said the deal could be slightly tainted by the recessions in some Asian economies, even though the Internet sector has been relatively isolated. ''The Asian aspect is a slight issue,'' McBrien said. But the main bait for investors is the company's Web-relation. ''It is first of all an ISP,'' she said. With only 12 IPOs in the pipeline for January and Pacific Internet the last of the Class of '98 Internet IPOs, most analysts agree that the offering will be a big success.