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Tuesday, December 20, 2005
Buy.com Cuts Price, Delays IPO
Buy.com cut its initial public offering price to $8 per share, down from an initial $11-13, and has apparently delayed its IPO, according to market reports. The company, which had filed to sell 4.2M shares in an IPO, said Friday in a regulatory filing that it was changing the offering price for its shares to $8.00, down from its earlier estimates. The IPO is being underwritten by Thomas Weisel Partners and Stifel Nicolaus, with the stock approved to trade on the NASDAQ as BUYY.
posted on Tuesday, December 20, 2005
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