Inktomi IPO raises more than $40 mil

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Search engine technology provider Inktomi Corp. went public June 10, bringing in more than $40 million. Inktomi shares were priced at $18 and closed the day at $36. The San Mateo search company provides search engine technology for Yahoo!, CNET's Snap! and Wired Ventures' HotBot.

Copyright June 1998, Crain Communications Inc.

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