RealTime IT News

It Could Be Raining Internet IPOs This Week

If this week's pricing calendar holds up, April will finish with a shower of Internet IPOs as at least eight Internet companies are slated to go public by the close of trading on Friday.

Some I've already profiled; others I'll get to in the next few days. Here's a quick look at who's sitting on the launch pad:

  • barnesandnoble.com. Like its online rival, Amazon.com, barnesandnoble.com isn't settling for selling only books. It already offers customers magazines and software, and soon plans to add videos, music and other merchandise. Lead underwriter for this IPO is Goldman Sachs. The company, which will trade under the Nasdaq ticker symbol BNBN, hopes to raise $200 million.

  • iXL Enterprises. Company provides Web customers with strategic consulting, site development, digital media services, e-commerce systems and Web publishing software. The company is shooting for a take of $60 million in an offering of 6 million shares at $10-$12 each. Lead underwriter is Merrill Lynch; Nasdaq symbol will be IIXL.

  • Marimba. Maker of software for delivering and managing applications via the Internet hopes to raise $56 million in offering of 4 million shares in $13-$15 price range. Lead underwriter is Morgan Stanley Dean Witter; Nasdaq symbol will be MRBA. (See profile

  • Mpath Interactive. Games company runs interactive Web site that allows users to play against other competitors over the 'Net. Site also features live audio chat rooms and virtual concerts. With 3.9 million shares set to sell at $10-$12 each, Mpath hopes IPO will put $42.9 million into its coffers. Lead underwriter is BancBoston Robertson Stephens; Nasdaq symbol will be MPTH.

  • Musicmaker.com. Company runs music Web site offering users opportunity to select their own customized CDs primarily from alternative artists and oldies catalogs. Musicmaker.com wants to raise $24 million in an offering of 3 million shares at $7-$9 each. Lead underwriter is Ferris, Baker Watts; Nasdaq symbol will be HITS. (See profile

  • NetObjects. Web site construction and management software tools vendor is offering 6 million shares at $11-$13 apiece in an IPO intended to raise $72 million. Lead underwriter is BT Alex. Brown; Nasdaq ticker symbol will be NETO.

  • Razorfish. Alright, you've had your little joke, Razorfish. Go public already, will you? Investors have been waiting for a month for Web development and services company to hit Wall Street; supposedly the Razorfish watch ends this week. Credit Suisse First Boston is the lead underwriter for this IPO, which is designed to raise $33 million through the sale of 3 million shares in the $10-$12 range. Razorfish will trade on Nasdaq as RAZF. (See profile.

  • Town Pages Net.com. British company runs Web site offering community information, including news and weather, business listings, and job opportunities. Dirks & Company is lead underwriter for the IPO, which is intended to raise $18 million in offering of 2 million shares at $8-$10 each. Company will trade on AMEX under symbol TPN.


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