Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR -- Ignore unavailable to you. Want to Upgrade?

To: steve host who wrote (326)	2/11/1999 4:53:00 PM
From: Rock_nj	Respond to of 954

Did you see this filing re: ZD.net IPO (NYSE:ZDZ)? ZD Sees ZDNet IPO Of 10M Shares At $11-$13. Underwriters: GS, DLJ, HQ (NewsTraders.com)-- Media conglomerate Ziff-Davis Inc. (ZD) currently expects the initial public offering of its ZDNet subsidiary to consist of 10 million common shares at $11 to $13 each, according to an amended Form S-1 document. The offering has a proposed maximum aggregate offering price of $130 million, or $15 million more than previously stated. Ziff-Davis intends for the new shares, seen listing on the New York Stock Exchange under the symbol "ZDZ," to reflect the performance of the ZDNet online business division. Ziff-Davis, which expects to reap $111 million in net proceeds from the offering, said it would attribute the proceeds from 1.5 million of the shares (amounting to about $16.5 million) to ZDNet, in "a manner analogous to a primary offering of common stock," and would use the remaining proceeds (expected to total $93.5 million) to repay debt outstanding. Of note, ZDNet plans to advance to Ziff-Davis its shares of the proceeds, and Ziff-Davis plans to use such proceeds also for the repayment of debt. ZDNet stock will have voting rights that will fluctuate depending on its market value from time to time as compared to the market value of ZD stock, the filing states. IPO Expectations: Price per share: $11 to $13 Shares being offered: 3 million shares of ZDNet common stockZDNet shares to be outstanding: 71.5 million Company location: New York, N.Y. Exchange/Symbol: NYSE/ZDZ Underwriter(s): Goldman Sachs Co., Donaldson Lufkin Jenrette and ambrecht Quist