SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : barnesandnoble.com Barnes & Noble
BKS 6.4900.0%Sep 20 12:00 AM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mohan Marette who wrote (29)5/25/1999 10:46:00 AM
From: Sunseeker  Read Replies (1) of 32
 
IPO PRICING-barnesandnoble.com to raise $450 mln

NEW YORK, May 24 (Reuters) - Online retailer barnesandnoble.com <BNBN.O> priced 25 million shares at $18, the high-end of an increased range, for a total of $450 million.

The initial public offering, expected to come to market on Tuesday, has been widely anticipated as the blockbuster deal in a busy week of deals. According to a recent filing with the Securities and Exchange Commission, German media giant Bertelsmann AG <BTGGg.F> and Barnes & Noble Inc <BKS.N>. will each retain a 41.1 percent stake in the company, which will compete against online retail giant Amazon.com Inc. and Books-A-Million.

The company's stock debut will be monitored closely. Analysts said it will be a good gauge of how healthy the IPO market is, especially following several deals' mediocre performance in the aftermarket.

"Investors are waiting to see what it is going to do," said Steve Tekirian. "If it does not have a big first-day pop, investors will get a bit worried." He noted that financial news Internet firm TheStreet.com <TSCM.O> , which was also widely anticipated, gained as much as $54 on its first day from its $19 offering price, but was now trading near $35.38. It went public earlier this month. More such aftermarket performances may confirm that enthusiasm for Internet IPOs is drying up.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext