Shopping.com IPO

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Shopping.com has raised more than $124 million in its IPO, pricing shares at $18, after upping its range to $16-18. The Israel-based company is the 4th largest shopping destination online. It had $42 million in revenue and $3.8 million in net income during the first six months of 2004.

I read yesterday that all Internet IPOs this year are trading above their opening price. It’s definitely survival of the fittest.

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