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To: zurdo who wrote (11552)	3/17/1999 10:59:00 AM
From: unclewest	Read Replies (1) \| Respond to of 27722

good news for navr longs. ipo's looking strong... from Bloomberg News NEW YORK, (March 17) -- IVillage Inc., an online women's network, raised the share price at its IPO by 77 percent, increasing the size of the sale to $84 million. The New York-based company now plans to sell 3.65 million shares at $22 to $24 each, up from $12 to $14. The sale is about a 16 percent stake in the company. When securities firms increase share prices before IPOs it is often a sign of strong demand that sends the stock higher when trading begins. Goldman Sachs & Co., which is handling the iVillage sale, increased the share price of pcOrder.com Inc. by 67 percent last month, before the stock soared 171 percent in first day trading. ''The increase in proposed range is probably the largest that I've seen to date,'' said Steven Tuen, director of research at IPO Value Monitor in New York. ''IVillage is probably one of the more anticipated deals so far for the year,'' he said. ''Concurrently with the strength of Internet stocks, I think the demand for IVillage's offering is substantial, notwithstanding the recent negative publicity the company has experienced.'' The Inter@ctive Week Internet Index is up 29 percent this year. IVillage faces allegations by its former chief financial officer, Joanne O'Rourke Hindman, that iVillage ''recognized revenues prematurely,'' according to court documents quoted by the New York Times. When underwriters raise the share price on IPOs it provides the company or selling shareholders more money, and cuts into the potential gain for investors who buy the stock. IVillage, which has losses totaling $76.3 million as of the end of last year, will collect an additional $36.5 million as a result of the higher share price. Credit Suisse First Boston Corp., Hambrecht & Quist LLC and Wit Capital Corp. are helping handle the sale. 14:46:32 03/16/1999 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.