Internet Market Close Report for 1998.02.20 | Internet News

Internet Market Close Report for 1998.02.20

Written By
Steve Harmon
Steve Harmon
Feb 20, 1998
1 minute read

ISDEX & Market Moves
Snapshot


































 

20-Feb-98

% change

point change

ISDEX Geometric Average

123.94

-0.02%

-0.03

ISDEX Price Weighted Composite

964.81

0.43%

4.09

NASDAQ

1,728.13

0.06%

1.12

DJIA

8,413.94

0.46%

38.36

  • DoubleClick (NASDAQ:DCLK) goes public at $17 per share and surges more than 70% before backing off and closing up more than 50% on its first day of trading at $26.75 per share. Shares price above range with more shares offered, 3.5 million. The $60 million proceeds should help this Web-ad pioneer push forward. DCLK originally sought to sell 2.3 million shares at $13.

  • USinternetworking Inc. (USi) withdrew its unsolicited $10 per share bid for PSINet (NASDAQ:PSIX). USi is run by former DIGEX head Christopher McCleary. We think McCleary will try and find another ISP to acquire.


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