Headline Feeds
The Internet initial public offering market will stay busy this week, and one of the hottest offerings is expected to be Martha Stewart Living Omnimedia. Martha Stewart obviously has built a singular brand. Her company had revenues of more than $180 million (US$) and profits of almost $24 million last year. The fact that prominent venture capital firm Kleiner Perkins Caufield & Byers is an investor in the company should only help the IPO.
Other offerings to watch including NetRadio, the online broadcaster that is controlled by online music distributor Navarre; iGo, which sells accessories for handheld computing devices; and direct marketing company NetCentives.
