FOR IMMEDIATE RELEASE
TheStreet.com Announces Initial Public Offering
Shares Priced At $19 Per Share
New York, NY -- May 10, 1999
- TheStreet.com, Inc. today announced that its initial public offering of 5,500,000 shares of common stock has been priced at $19 per share. All of these shares are being sold by the Company.
The shares will begin trading on the Nasdaq National Market under the ticker symbol "TSCM" on May 11, 1999. The underwriters may purchase up to 825,000 additional shares pursuant to their over-allotment option. The offering is being made through an underwriting group managed by Goldman, Sachs & Co., Hambrecht & Quist LLC and Thomas Weisel Partners LLC.
TheStreet.com, Inc. is publisher of
, a leading Web-based provider of original, timely, comprehensive, and trustworthy financial news and commentary.
www.thestreet.com) was founded in 1996 and is based in New York City, with bureaus in San Francisco and London.
editorial team, with over 50 experienced financial journalists and over two dozen outside contributors, publishes approximately 40 original news stories and commentaries every business day, including popular daily columns by James J. Cramer and Herb Greenberg. TheStreet.com, Inc. has established strategic partnerships with Yahoo!, America Online, The New York Times Co., News America Incorporated, Intuit, 3Com, E*TRADE, DLJdirect and other leading companies.
The prospectus relating to these securities may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, New York, 10004; Hambrecht & Quist LLC, One Bush Street, San Francisco California 94104; or Thomas Weisel Partners LLC, One Montgomery Street, San Francisco, California 94104.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration of qualification under the securities laws of any such State.
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