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Old 03-23-2004, 02:14 PM   #1
KRL
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Shopping.com IPO

Shopping.com Files to Go Public

WASHINGTON - Shopping.com Ltd., which runs Web sites like epinions.com, filed with U.S. regulators on Tuesday for an initial public offering worth an estimated $75 million.

It plans to use IPO proceeds for general corporate purposes including possibly funding acquisitions of businesses, products or technologies, according to the filing.

Goldman Sachs and Credit Suisse First Boston are to underwrite the offering along with Deutsche Bank and Piper Jaffray.

An Israeli company, Shopping.com has U.S. headquarters in Brisbane, California.


Nice!
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Old 03-23-2004, 02:15 PM   #2
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israeli company?
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Old 03-23-2004, 02:16 PM   #3
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hmmmmmm
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Old 03-23-2004, 02:17 PM   #4
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4 years ago it would have been more like a $750 million IPO, eh?
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Old 03-23-2004, 02:17 PM   #5
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Worth the buy? Israeli
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Old 03-23-2004, 02:19 PM   #6
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"It plans to use IPO proceeds for general corporate purposes including possibly funding acquisitions of businesses, products or technologies, according to the filing. "

That's the most ridiculous thing I've ever heard. Haven't they heard of a use of funds document? I know if I was going to invest in them I'd sure like to know what they are planning on doing with the money more than "general corporate purposes"
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Old 03-23-2004, 02:20 PM   #7
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$75 million seems so little by comparison to the internet bubble days.

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Old 03-23-2004, 02:21 PM   #8
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can't go wrong with jews and money
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Old 03-23-2004, 02:22 PM   #9
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Quote:
Originally posted by Nismo
israeli company?
You have a problem with that?
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Old 03-23-2004, 02:26 PM   #10
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Quote:
Originally posted by KRL


You have a problem with that?
No, I don't have a problem with it. I just wont be doing any shopping on shopping.com.
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Old 03-23-2004, 02:42 PM   #11
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My brother used to work for them..when they were part of cmgi and altavista!
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