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Moderated By: Mohan Marette -- (Not Moderated) -- Started: 6/18/1999 12:02:00 PM  Revision History ShopNow.com files for $86 million IPO shopnow.com  WASHINGTON, June 18 (Reuters) - Internet shopping service ShopNow.com Inc. (Nasdaq:SPNW - news) said Friday it planned to sell about $86 million worth of common stock in an initial public offering. The company, in a filing with the Securities and Exchange Commission, did not disclose how many shares would be offered and did not provide an estimated price on the stock. But it said it had applied to list the shares on Nasdaq under the symbol SPNW. The IPO underwriters are Dain Rauscher, U.S. Bancorp Piper Jaffray, Soundview Technology Group and Wit Capital. ShopNow.com, based in Seattle, described itself as one of the Internet's fastest growing shopping destinations, with more than one million products and services from more than 29,000 merchants. Merchants using the company's online marketplace include software company Corel Corp. (Toronto:COS.TO - news), coffee company Starbucks Corp. (Nasdaq:SBUX - news) and long distance provider Qwest Communications International Inc. (Nasdaq:QWST - news). The company, formerly known as TechWave Inc., also has strategic relationships with Qwest, online advertising and direct marketing network company 24/7 Media Inc. (Nasdaq:TFSM - news), and HNC Software Inc. (Nasdaq:HNCS - news). The company will use net proceeds from the IPO for working capital and general corporate purposes, potential acquisitions and debt repayment. ShopNow.com posted net losses of $24.7 million for 1998 and $8.3 million for the quarter ended March 31. Revenues for 1998 were $7.2 million, up from $604,000 for 1997. Major shareholders in ShopNow.com include 24/7 Media, with 22.6 percent, or 5,160,000 shares, and directors Bret Maxwell and Mark Terbeek, who each hold 12.8 percent, or 2,924,628 shares, the filing said.

Reply	Message Preview	From	Recs	Date
127	18:17 EDT Friday --Network Commerce can't explain trading surge seattle.bce	KLP	-	05/05/2001 12:26 PM
126	Looks like they are making themselves "sellable"....	playavermont	-	12/08/2000 02:55 PM
125	We all know stocks can go to ZERO....and this is a penny stock BUT....... This	playavermont	-	11/22/2000 10:20 AM
124	This is a take over candidate if I ever saw one... $175 Million Market Cap...wi	playavermont	-	11/07/2000 04:13 PM
123	Smart Move! KLP Nextel Communications Joins Forces With Network Commerce to Exp	KLP	-	09/13/2000 01:44 AM
122	Good article....NWKC: Nice Numbers, Nice Prospects...by Tom Calandra.... KLP Th	KLP	-	08/01/2000 01:43 AM
121	Network Commerce Signs $8 Million in Licensing Deals for Online Customer Acquis	Gabe Heti	-	06/27/2000 11:22 AM
120	the charts are looking like this thing wants to revisit the 4-5 level again. Wo	Paul K	-	06/16/2000 08:47 PM
119	(from Yahooers...) BAD TIMES ARE ALMOST OVER by: shikhali (43/M/Cypress, CA) 6	Paul K	-	06/15/2000 12:16 AM
118	MyComputer.com Announces Alliance with Network Commerce Inc. Professional site	Paul K	-	06/14/2000 11:54 AM
117	NWKC listed: "Preliminary Russell 3000© Index additions" June 9	Paul K	-	06/14/2000 12:12 AM