10
Sep

Shopping.com IPO reduced slightly

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From CBS Marketwatch: Shopping.com will raise $126 million instead of $143 million in its IPO.

The Israeli e-commerce firm said that it’ll offer 5 million shares and that inside stockholders will sell 1.9 million shares, down from 2.9 million previously. The company still plans to price the IPO at $14 to $16 per share. Goldman Sachs and CS First Boston are underwriting the deal. Shopping.com, which received about 38 percent of its 2003 revenue from the company’s relationship with Google (GOOG: news, chart, profile), plans to list its stock on Nasdaq under the symbol “SHOP.”

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