Internet stock rockets 474% in initial offer

Article Abstract:

The day of its first public offering, the price of Marketwatch.com stocks climbed from $17 a share to $130, the second largest gain ever seen in an IPO. Investors are snapping up shares of Internet based companies and have shown such interest in this particular Internet financial news service because it was created by and is formerly owned by CBS Corporation and Data Broadcasting Corporation and both companies still have a large investment in Marketwatch.com. However, as with other Internet based companies, Marketwatch.com has not yet shown a profit, but investors are hopeful profits will be coming in son due to its large capitalization and connection with established media companies.

Company securities, MarketWatch Inc.

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TheStreet.com, after investment by New York Times, plans an IPO

Article Abstract:

One day after the New York Times announced its $15 million investment in TheStreet.com, the financial news online service revealed that it plans to go public. No date has been announced for the IPO. In a registration statement to the SEC the company listed all the usual risk factors for such an enterprise, such as no history of profit, "losses will continue" and "intense competition" among others. Competitor MarketWatch.com went public in January at $17 a share; on 2/23/99 its shares closed at $65.50.

Comment:

Online financial news wants to raise $75 million with public offering

Finance, Abstract, Going public (Securities), Initial public offerings, Business journalism, TheStreet.com L.L.C.

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