DoubleClick's secondary offering suffers price depression from inquiry

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DoubleClick raised $517.4 million in a secondary offering of its stock Feb. 18, selling more than 5.73 million shares at $90.25 each. The price of DoubleClick's shares, which fell 15% Feb. 17 because of concerns regarding an Federal Trade Commission inquiry into its business practices, rose 2 11/64 points Feb. 18, closing at $92 59/64 on the Nasdaq stock exchange.

Copyright February 2000, Crain Communications Inc.

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