U.S. Interactive begins trading

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U.S. Interactive, King of Prussia, Pa., went public at $10 a share, at the bottom of its proposed $10 to $12 range, and closed up slightly at $10.63, the latest sign of traders' slumping interest in IPOs. U.S. Interactive lost $9.1 million on revenue of $13.6 million in 1998, followed by a loss of $3.3 million on revenue of $6.1 million in the first quarter of 1999.

Copyright August 1999, Crain Communications Inc.

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