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.
