NetSpeak to sell 2.4 million shares

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NetSpeak Corp. announced Thursday the initial public offering of 2,400,000 shares of common stock at a price of $8.75 per share. All of the shares being offered are being sold by the company. NetSpeak develops, markets and licenses a suite of interactive voice, video and data transmission products over the Internet.

Copyright May 1997, Crain Communications Inc.

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