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Prodigy, barnesandnoble.com plan to go public

Published on .

Internet service provider Prodigy Communications Corp. officially announced plans to go public, by filing a registration statement Sept. 25 with the Securities & Exchange Commission for an initial public offering of common stock. Prodigy, which has lost considerable ground to America Online in recent years, said the estimated price range has not yet been determined. It also said the date of the IPO would depend on market conditions, but would probably not happen before November.

Barnes & Noble also announced plans to take public its online book division, barnesandnoble.com. The money from the IPO will go toward the book site's ongoing operation expenses as well as acquisitions and expansion.

Copyright September 1998, Crain Communications Inc.

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