Web Firms Seize on Net Stock Frenzy
Push marketing company Pointcast, Sunnyvale, CA, filed a registration statement with the Securities and Exchange Commission earlier this month for an initial public offering of 3.75 million shares of common stock. The company expects the offer price to be $10-$12 per share.NetGravity, San Mateo, CA, also filed a registration statement with the SEC regarding an IPO of 3 million shares of common stock. The anticipated price is still undetermined. NetGravity provides online advertising and direct marketing software.
