24/7 files for an IPO

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Online ad sales network 24/7 Media announced June 5 it had filed with the Securities & Exchange Commission for a proposed initial public offering of its common stock.

With the purchase of the Cliqnow! ad network earlier in the week, 24/7 now serves more than 2,000 Web sites. Terms of the IPO were not disclosed.

Copyright June 1998, Crain Communications Inc.

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