It Could Be Raining Internet IPOs This Week
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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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