TheStreet.com Makes Big Splash,Yet Analysts Fear Undertow

In the week ended May 14, 1999, TheStreet.com became the latest winner in the Internet sweepstakes, cashing in on the red-hot demand for Internet stocks through a $104.5 million offering. With first-day trading volume of 1 1/2 times the number of shares that were actually issued, such aggressive buy...

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Bibliographic Details
Published inThe IPO reporter p. 1
Main Author Lacey, Stephen
Format Journal Article
LanguageEnglish
Published New York Thomson Media 17.05.1999
Subjects
Going public
Initial public offerings
Internet stocks
Online information services
Stock prices
United States > US
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Summary:In the week ended May 14, 1999, TheStreet.com became the latest winner in the Internet sweepstakes, cashing in on the red-hot demand for Internet stocks through a $104.5 million offering. With first-day trading volume of 1 1/2 times the number of shares that were actually issued, such aggressive buying by retail investors is raising concerns that the new issues market may in fact be topping out.
ISSN:0278-0038