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KBkids.com, ZEBU ax IPOs
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June 13, 2000: 7:40 p.m. ET
Take to Auction.com falls in debut; Integrated Telecom files IPO intent
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NEW YORK (CNNfn) - Two companies struggled to stay above the turbulent waters of the initial public offering market, while two more decided it was safer to stay in port.
KBkids.com Inc., an online retailer of children's goods, pulled the plug Tuesday on its $210 million planned initial public offering.
KBkids.com said in a letter to the Securities and Exchange Commission that its withdrawal "is consistent with the public interest and the protection of investors."
KBkids.com, of Denver, in January filed with the SEC to raise $210 million in a deal co-led by underwriters Credit Suisse First Boston and Merrill Lynch.
 KBkids.com is the second-largest specialty retailer in the United States with about 1,300 stores nationwide. The company sells toys, video games, software and videos.
In June 1999, KB Online, a unit of discount retailer Consolidated, formed KBkids.com with BrainPlay.com as a joint venture. Consolidated is a KBkids.com competes against KB Toys, a online retailer of toys, and another Consolidated unit.
KBkids.com planned to use net proceeds for general corporate purposes, principally working capital, capital expenditures, marketing and sales, and product development. The company's proposed symbol was KBKD.
ZEBU withdraws $64M deal
ZEBU also filed with SEC to withdraw its IPO. The San Francisco-based company provides technology that speeds the transfer of insurance application information.
ZEBU had planned to raise $64 million in a deal led by DB Alex. Brown. The company had planned to use net proceeds on technology products and services, expand sales and marketing and for general corporate purposes, including working capital. The company's proposed symbol was ZEBU.
Take to Auction.com begins trading
Take to Auction.com, of Fort Lauderdale, Fla., initially fell below its offer price, but managed to rebound at the end of day, rising 1/2 to 8-1/2. Take To Auction.com raised $10.4 million in a deal led by Noble International investments.
Take to Auction.com (TTA: Research, Estimates) provides an Internet-based community that offers members a catalog of collectibles and specialty merchandise to sell at auction sites like eBay or Fairmarket.
Another IPO, Intuitive Surgical (ISRG: Research, Estimates),eked out the thinnest of gains after pricing 5 million shares at $9 each. Shares rose 1/32 to 9-1/32 during the short period of time it was traded.
Intuitive raised $45 million in a deal that was cut to 5 million shares at $9-to-$10, down from the original 8 million at $11-to-$13 each. Lehman Brothers is lead underwriters on the deal.
The company makes and designs an advanced surgical system that translates a surgeon's natural hand movements onto instrument controls at a console.
Mountain View, Calif.-based Intuitive Surgical plans to use net proceeds for working capital and general corporate purposes.
Integrated Telecom plans debut
Integrated Telecom, of Santa Clara, Calif., filed Tuesday for a $115 million IPO. The company develops and markets integrated circuit and software services that let broadband access manufacturers deliver high-speed asymmetric digital subscriber line equipment.
The company did not disclose the number of shares or their price range.
Integrated plans to use net proceeds working capital and general corporate purposes, including research and development, and sales and marketing. The company's proposed Nasdaq symbol is ITXI. 
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