KDnuggets : News : 2000 : n05 : item5

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Date: Tue, 29 Feb 2000 13:52:42 -0500
From: Gregory Piatetsky-Shapiro gps
Subject: IPOS: net.Genesis and AvenueA

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Feb. 29, 2000--net.Genesis Corporation (NASDAQ: NTGX) (www.netgen.com) announced the initial public offering of 4,250,000 shares at an initial public offering price of $18.00. The stock ended its first trading day at $56.81, for a gain of 216 percent.

net.Genesis' net.Analysis software enables companies to collect, and analyze detailed information about the online behavior of customers and other visitors of their Web sites. CartSmarts software helps e-tailers understand the shopping cart behaviour. See www.netgen.com for more information.

Another IPO on Feb 29 was Avenue A (www.avenuea.com) Seattle-based Avenue A provides Internet advertising and marketing services to clients such as Gateway Inc. and Microsoft Corp.

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KDnuggets : News : 2000 : n05 : item5

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