|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.|
From the WSJIE
Priceline.com, which filed IPO papers last week, has been touted as one of the most promising new offerings from an Internet-related company. Not only is the Stamford, Conn., concern engaged in electronic commerce -- the most popular of all Internet niches among investors -- but its backers include Microsoft Corp. co-founder Paul Allen. In addition, its management team is headed by Chief Executive Richard Braddock, a former president of Citicorp.
The company acts as sort of an online broker to determine demand for various services, including airline tickets and hotel reservations, and to establish prices based on that demand.
"It's got marquee names, lots of venture capital and an auction function, all of which could make it a real big deal," said Tom Taulli, research director for Silicon Investor, an online financial Web site.
Priceline.com's preliminary prospectus didn't include the number of shares to be sold or an estimated price range at which the shares are expected to sell. Morgan Stanley Dean Witter is lead underwriter.
|© 2022 Knight Sac Media. Data provided by IEX, Alpha Vantage, Coinbase, Binance, Fintel and CityFALCON News|