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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (58375)	5/25/1999 12:54:00 PM
From: Glenn D. Rudolph	Respond to of 164684

May 25, 1999 barnesandnoble.com ANNOUNCES INITIAL PUBLIC OFFERING Company Raises $421.6 Million in Largest E-Commerce IPO New York, NY - May 25, 1999 -- barnesandnoble.com (Nasdaq: BNBN) announced the successful completion of the largest ever Internet e-commerce initial public offering. The initial public offering price for the 25 million shares of Class A Common Stock offered by the company was $18 per share, raising a total of approximately $421.6 million after commissions and expenses. The company has granted the underwriters an option to purchase up to an additional 3.75 million shares of Class A Common Stock to cover over-allotments, if any. The shares will commence trading today on the Nasdaq national market under the trading symbol "BNBN." The lead underwriters of the offering are Goldman, Sachs & Co. and Merrill Lynch & Co. with Salomon Smith Barney and Wit Capital Corporation, acting as co-managers. Since launching its online business in May 1997, barnesandnoble.com has quickly become one of the world's largest Web sites and is one of the largest e-commerce retailers. Focused largely on the sale of books and related products, the company has capitalized on the recognized brand value of the Barnes & Noble name to become the second largest, and one of the fastest growing, online retailers of books. Customers can choose from millions of new and out-of-print titles and enjoy a variety of related content such as author chats, book synopses and reader reviews. The site also offers thousands of bargain books discounted up to 91 percent, the most popular software and magazine titles, as well as gift items for every occasion. With access to Barnes & Noble's more than 750,000 in-stock titles, barnesandnoble.com has the largest standing inventory of any online bookseller ready for fast delivery. The URL, bn.com, makes finding the site easy, and its Express Lane single-click ordering process ensures fast and convenient purchasing. The barnesandnoble.com affiliate network has more than 120,000 members and the company maintains strategic alliances with major Web portals and content sites, such as AOL, Lycos and MSN. A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these securities will be made only by means of a prospectus, copies of which may be obtain from Goldman, Sachs & Co., 85 Broad Street, Floor SC, New York, New York 10004 or Merrill Lynch, Pierce, Fenner & Smith Inc., 250 Vesey Street, New York, New York 10281. ------------------------------------------------------ This service provided by Shareholder Direct. Additional Information: shareholder.com Distribution List Changes/Deletions: shareholder.com