Stock Watch: E-Stamp Files For IPO

Earlier this month, the technology of online postage company E-Stamp, along with that of competitor Stamps.com, was approved by the U.S. Postal Service. Now E-Stamp wants approval from investors on Wall Street. On Tuesday, E-Stamp announced that it had filed for an initial public offering.

This offering, which could raise up to $85 million, looks like it could be a hot IPO. On Tuesday, E-Stamp announced that is has closed a third round of funding totaling $30.2 million. E-Stamp's investors include Microsoft (Nasdaq: MSFT), Compaq, AT&T (NYSE: T) and Excite@Home. All of these companies are obviously major players that are already helping E-Stamp distribute its service or could soon do so. E-Stamp should also benefit from its exclusive deal with Yahoo!.