IXL's IPO raises $1.1 bil

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IXL Enterprises, Atlanta, made its public debut June 3, with shares jumping to a high of $24 from an opening price of $12. The interactive shop sold 6 million shares publicly, raising its outstanding shares to 63.6 million. The stock closed at $17.88 a share, giving iXL a stock market value of $1.1 billion. IXL's debut was relatively healthy, given the recent glut of Web IPOs and investors' somewhat waning interest in Internet offerings.

Copyright June 1999, Crain Communications Inc.

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