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Stock Watch: Agency.com Raises Its Range

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Stock Watch: Agency.com Raises Its Range

By Andy Wang
E-Commerce Times
12/03/99 12:00 AM PT


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The initial public offering of Agency.com, which offers e-commerce services, Web-site design and Web consulting, should get off to an impressive start next week. On Thursday, Agency.com bumped up its price range from $10-$12 to $22-$24.

Agency.com, which was founded in 1995 and now has more than 1,000 employees, has a very capable lead underwriter in Goldman Sachs, and the company's top-notch customer Increase Customer Sales with Email Marketing -- Free Trial from VerticalResponse base should also create investor interest. Agency.com's clients include Nike, Compaq, Viacom, Bank of America, 3M and Kmart.

Similar companies such as Razorfish and iXL Enterprises have pulled off successful IPOs and seen their stocks perform strongly. Agency.com stock could do just as well, if not even better. Expect a big premium on this one.

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