dcsimg
RealTime IT News

iVillage Pops On IPO Debut

The initial public offering market continues to fuel strong interest in Internet stocks as several market leaders show gains today. iVillage's (NASDAQ:IVIL) rocketship debut soars more than triple from its IPO price. Prices at $24 and opens at $95.875, touches a $100 ceiling before the trade fest softens as IVIL closes at $80.125. The problem here is a paltry handful of individual investors got any shares of IVIL at the IPO price, if indeed any of them did. Most pay full retail -- the $90 plus shown.

Today's snapshot:

  19-Mar-99 point change % change
ISDEX 533.14 14.16 2.73%
NASDAQ 2,421.27 -41.69 -1.69%
DJIA 9,903.55 -94.07 -0.94%

  • CDnow/N2K (NASDAQ:CDNWD) is the new name and new ticker symbol for the combined music sellers. ISP Prodigy replaces N2K in ISDEX effective immediately.

  • Preview Travel is downgraded by PaineWebber. Their downgrade comes two months after I did so, dropping it from my top-watch list in February.

  • AOL (NYSE:AOL) gains 2.69% to $119.25 on its plans to slash 700 Netscape jobs and on the news that AOL completes its stock buy of Netscape. Terms = each NSCP shareholder gets .90 of an AOL share.

  • Sportsline (NASDAQ:SPLN) looks like it's cashing up for battles ahead with a $150 million worth of 5% convertible subordinated notes due April 1, 2006. The notes convert to SPLN common at $65.125.

    HotWatch '99 by Steve Harmon offers a monthly insight into the hottest stocks in the Internet, his top picks for 1999. Last year's picks by Steve gained 312%. Each month a new report, delivered to you click here for more info -