PointCast announces IPO filing

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As expected, PointCast filed a registration statement with the U.S. Securities & Exchange Commission May 14 for the proposed initial public offering of 3,750,000 shares of common stock. A company statement said the price of stock in the IPO will be between $10 and $12 per share and that proceeds would go toward expanding its sales and marketing efforts.

Copyright May 1998, Crain Communications Inc.

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