Drugstore.com
This article was originally published in The Rose Sheet
Executive Summary
Trading opened at $18 per share for 5 mil. shares July 28, and reached a high of 70 before closing at 50-1/4. The online retailer filed its initial public offering in May, with the expectation of raising $67.5 mil. (1"The Rose Sheet" May 31, In Brief). The offering was managed by Morgan Stanley Dean Witter, Donaldson, Lufkin & Jenrette and Thomas Weisel Partners
You may also be interested in...
Drugstore.com
Online retailer files for public offering of up to 6 mil. shares of common stock with the Securities & Exchange Commission Feb. 9. Drugstore.com is offering 4.5 mil. shares of common stock with selling stockholders offering 1.5 mil. shares. Underwriters Morgan Stanley Dean Witter, Donaldson, Lufkin & Jenrette Securities Corp., Salomon Smith Barney and Thomas Weisel Partners, may be granted an option to purchase up to an aggregate of 903,000 additional shares. The e-tailer opened its first day of trading July 28 (1"The Rose Sheet" Aug. 2, 1999, In Brief)
Drugstore.com
Online retailer files for public offering of up to 6 mil. shares of common stock with the Securities & Exchange Commission Feb. 9. Drugstore.com is offering 4.5 mil. shares of common stock with selling stockholders offering 1.5 mil. shares. Underwriters Morgan Stanley Dean Witter, Donaldson, Lufkin & Jenrette Securities Corp., Salomon Smith Barney and Thomas Weisel Partners, may be granted an option to purchase up to an aggregate of 903,000 additional shares. The e-tailer opened its first day of trading July 28 (1"The Rose Sheet" Aug. 2, 1999, In Brief)
Drugstore.com
Expects to raise $67.5 mil. from initial public offering, according to the Internet store's preliminary prospectus filed with the SEC May 19. Drugstore.com said it has available for order more than 17,000 nonpharmacy SKUs, which makes it the largest product selection on the Internet, according to the company. Drugstore.com purchases 82% of its nonpharmaceutical items from Walsh Distribution, but the electronic store said it is considering establishing its own distribution center to fill orders. Drugstore.com opened for business Feb. 24 following Amazon.com's purchase of a 46% stake in the on-line retailer ("The Rose Sheet" March 1, In Brief)