RealTime IT News

go2net Wins NASDAQ Listing

Today go2net, Inc. (Nasdaq: GNET), a network of technology- and community-driven Web sites announced it gained approval from the National Association of Securities Dealers so that its common stock can be traded on the Nasdaq National Market System, effective today.

Since the company's IPO in April, 1997, go2net said it has been publicly traded on Nasdaq's SmallCap Market under the symbol GNET.

"This is an important step for go2net, and it sets the stage for greater visibility and liquidity for the company's shares," said Russell C. Horowitz, go2net chief executive officer. "The time is right for the investment community and others to become more acquainted with our company."

go2net said its network of sites has surged to over one million visitors per day, up from 250,000 per day in January 1998. The company's sites include: MetaCrawler, a search service; StockSite, an investment and portfolio tracking service; and PlaySite, a multiplayer, Java-based gaming area.

Previously this year go2net acquired Silicon Investor, which focuses on personal finance, search, commerce, and games, and Hypermart a provider of free business hosting services. Another recent launch by the company includes WebMarket, a one-stop comparison shopping guide.