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INTERNET.COM CORPORATION ANNOUNCES INITIAL PUBLIC OFFERING
(WESTPORT, CT - June 24, 1999) - internet.com Corporation today announced that its initial public offering of 3,400,000 shares of common stock has been priced at an offering price of $14 per share. All of these shares are being sold by the Company. The offering is being managed by U.S. Bancorp Piper Jaffray Inc., William Blair & Company and DLJdirect Inc. as managing underwriters.internet.com Corporation, the E-business and Internet Technology Network, includes 62 Web sites, 44 e-mail newsletters, 55 online discussion forums and 52 moderated e-mail discussion lists for Internet industry and Internet technology professionals, Web developers and experienced Internet users. internet.com sites include InternetNews.com, which provides daily Internet-specific news; The Electronic Commerce Guide; ServerWatch; The Web Developer's Virtual Library; SearchEngineWatch and Jumbo!. internet.com also publishes the ISDEX, a 100% Internet stock index featuring 50 leading companies. internet.com's global presence includes editions in Canada, the United Kingdom, Arabia, Australia, Asia, France and Israel. Approximately 1.8 million unique users generate over 47 million page views monthly.
The common stock will begin trading on the Nasdaq National Market under the symbol "INTM" on June 25, 1999. The underwriters may purchase up to 510,000 additional shares from a selling stockholder pursuant to the underwriters' over-allotment option.
Copies of the final prospectus relating to the offering may be obtained from U.S. Bancorp Piper Jaffray Inc., 222 South Ninth Street, Minneapolis, Minnesota 55402 (Telephone: 612-342-6000).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Contact:
Christopher J. Baudouin
Chief Financial Officer
(203) 226-6967
[email protected]
All current internet.com Corp. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.