ZDNet stock takes off

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Ziff-Davis' ZDNet went public today. Its initial public offering closed at $36 up from an offering price of $19. Ziff-Davis spun off nearly 20% of the online news unit in an IPO of 10 million shares. But ZDNet's offering sent Ziff-Davis' shares down $7.50 to $21.50.

Copyright March 1999, Crain Communications Inc.

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