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News > Technology
iVillage prices IPO
March 18, 1999: 5:53 p.m. ET

Online network for women hopes to raise $87.6M in public offering
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NEW YORK (CNNfn) - Women's online network iVillage Inc. Thursday priced its initial public offering at $24 a share.
     Earlier this week, the New York-based Internet firm nearly doubled the offering range from $12 to $14 a share to $22 to $24.
     With 3.65 million shares offered when the company begins trading Friday, iVillage hopes to raise $87.6 million in the IPO.
     Goldman Sachs is the lead underwriter for iVillage's IPO.
     iVillage's pending IPO has been one of the most anticipated in recent weeks, despite the fact that the company reported 1998 losses of $43.7 million, or $21.10 a share. Investors apparently are impressed with iVillage's growing user base and valued demographic of affluent women between 25 and 49 years old.
     iVillage plans to use part of the proceeds raised from the IPO to purchase a minority interest in iBaby.com, a Web site devoted to selling baby-related products. iBaby is a featured link on iVillage's Web site.
     iVillage will trade on the Nasdaq stock exchange under the symbol (IVIL). Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.