G
Guest
Guest
.c The Associated Press
(AP) - Adult internet entertainment provider Literotica hopes to fetch $12 to $14 per share in an initial public offering of its stock, according to documents filed with the Securities and Exchange Commission.
Based on a mid-range price of $13 per share, the California based company expects to raise $63.3 million by selling 5.4 million shares in the IPO - one of the biggest filed by an Internet company during this year's dot-com downturn. Literotica said it might raise as much as $80.5 million when it first filed its IPO plans in September.
(AP) - Adult internet entertainment provider Literotica hopes to fetch $12 to $14 per share in an initial public offering of its stock, according to documents filed with the Securities and Exchange Commission.
Based on a mid-range price of $13 per share, the California based company expects to raise $63.3 million by selling 5.4 million shares in the IPO - one of the biggest filed by an Internet company during this year's dot-com downturn. Literotica said it might raise as much as $80.5 million when it first filed its IPO plans in September.