GoTo.com files for IPO

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Internet search engine GoTo.com filed for an initial public offering April 16. In its IPO filing, the search engine--which sells its user search results to advertisers in a bidding format--said it hopes to raise at least $70 million. GoTo.com said the money will be applied toward sales, marketing and other general business uses.

Copyright April 1999, Crain Communications Inc.

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