MapQuest files for IPO

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Mapping software vendor MapQuest, New York, filed for an initial public offering with the Securities & Exchange Commission. The IPO is expected to raise an estimated $50 million. The number of shares to be sold and the price of those shares were not disclosed. MapQuest will trade on the Nasdaq stock exchange under the symbol MQST. Underwriters include BancBoston Robertson Stephens, Piper Jaffray, Thomas Weisel Partners and Volpe Brown Whelen & Co.

Copyright February 1999, Crain Communications Inc.

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