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RealTime IT News

Internet Market Close Report for 1998.12.04

By Steve Harmon   |    December 04, 1998
Page 1 of 1

  04-Dec-98 point change % change
ISDEX 216.31 2.95 1.38%
NASDAQ 2,003.16 48.83 2.50%
DJIA 9,016.14 136.46 1.54%

  • uBid (NASDAQ:UBID), a Web auction service, jumps 220% from its $15 IPO price, closing at $48 per share. UBID climbed as high as $60.25 per share on its 1.58 million offer through Merrill Lynch, UBID opens at $40 and loses some ground to $34.125 per share in early trading before closing above its open.

  • Vignette is back at the IPO plate in an effort to raise as much as $30 million through underwriter Morgan Stanley Dean Witter, following Vignette's cancellation of its IPO plans six weeks ago. Vignette makes StoryServer software, a Web content management package used by more than 40 companies including Lands End, Hewlett-Packard, National Semiconductor, Bay Networks, ZDNet, CNET and Internet.com (producer of this report).

    Entrepreneurs or startups -- Email me and let me know your experiences in getting financing, negotiating a term sheet and your impression of the venture capitalists, angel investors or others who may have invested in your startup. Your experiences are for publication unless otherwise noted. Click here and email