December 9, 1998 |
Xoom.com Inc., an Internet-based direct marketing company, and Exchange Applications Inc., a business marketing software developer, completed larger-than-expected initial stock sales Tuesday--indicating both may surge when they begin trading today. Xoom.com, based in San Francisco, sold 4 million shares at $14 each. That was at the high end of the $12-$14 range set by lead underwriter Bear, Stearns & Co., which had raised the range Monday from $9-$11.
July 19, 1999 |
Advertisers spent $19.1 billion pitching their products in the first quarter, a 4.6% increase over last year, a survey found, as the U.S. economy remained strong and Internet companies advertised more. General Motors Corp. was the leading advertiser, spending $622.7 million, a 16.4% increase, Competitive Media Reporting said. Pampers and Crisco oil maker Procter & Gamble Co. was the second-biggest advertiser, even though it cut its spending 10% to $393 million.
December 14, 1998 |
San Marino-based East-West Bank has asked regulators for permission to become a publicly traded company--but without a first-time sale of stock to the public. In a recent filing with the Securities and Exchange Commission, East-West asked that millions of dollars of privately traded shares sold in June through a private placement be registered as publicly traded shares by early January. It's not the usual way to become a public company, Wall Street specialists said.
December 7, 1998 |
In the past few weeks, it has seemed as if initial public offerings are to the stock market what Furby is to the toy market this holiday season.