Public Offering

EDGAR Online Raises $5.5 Million in Public Offering

Authored by Mark Hefflinger on June 3, 2004 - 3:16pm.

Norwalk, Conn. -- EDGAR Online, a provider of online financial information on public companies, has completed a public offering of stock, raising a total of about $5.5 million. The offering was priced at $2 a unit, each unit consisting of two shares of common stock and one warrant to purchase common stock. EDGAR makes financial information and a variety of analysis tools available through online subscriptions and licensing agreements to professionals in financial institutions, corporations and law firms.

tags: VC | EDGAR Online | Public Offering |

Major League Baseball Pondering Public Offering for Internet Unit

Authored by Mark Hefflinger on March 24, 2004 - 5:19am.

New York -- Major League Baseball (MLB) is considering a public offering for its Internet streaming business that could potentially raise several hundred million dollars, people involved with the plan told The New York Times. The league's Major League Baseball Advanced Media unit has in recent years stepped up its offering of live and archived video and audio coverage of baseball games on the Internet. One analyst estimate valued the unit, which is owned equally by the 30 MLB teams, at $1 billion. Yesterday, MLB announced a two-year, $40 million deal with Microsoft to serve as its streaming partner to deliver games online. "The company has been successful sooner than anticipated and earned a profit a year earlier than we expected," MLB president Bob DuPuy told The Times. "But no decision [regarding a floatation] has been made, taken to the commissioner or taken to the clubs."

Satellite Radio Firm XM to Sell 18 Million Shares in Public Offering

Authored by Mark Hefflinger on January 14, 2004 - 3:27am.

Washington, D.C. -- Shares of XM Satellite Radio fell nearly 3% by late Wednesday after the operator of the front-running satellite radio service announced plans to sell 18 million shares in an upcoming public offering. The company, itself, will be offering 7 million of the shares, with current stockholders selling the remainder. XM, which had more than 1.36 million subscribers at year's end, did not disclose a price or date for the offering.

tags: Satellite Radio | XM | Shares | Public Offering |