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eToys delays IPO
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April 20, 1999: 1:06 p.m. ET
Firm postpones $115M offering due to planned merger with BabyCenter
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NEW YORK (CNNfn) - Online toy retailer eToys Inc. Tuesday postponed its planned initial public offering due to its announced merger with BabyCenter Inc.
eToys had planned to raise $115 million through its IPO. Goldman Sachs is the lead underwriter.
On Monday, eToys announced its plans to merge with BabyCenter, a Web site targeted to new and expecting parents, in an all-stock transaction.
eToys officials weren't available for immediate comment regarding when it expects to proceed with the IPO.
eToys lost $10 million in the fourth quarter of 1998, although its customer base has grown to 320,000 since its launch in October 1997. 
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eToys
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