Homestore.com Files to Sell 8.3 Million Shares of Stock
- Share via
Homestore.com in Thousand Oaks has filed with the Securities and Exchange Commission to sell 8.3 million shares of its common stock.
Of these shares, about 4.25 million are being offered by stockholders and the remainder are being sold by the company itself. Homestore.com will not receive any proceeds from the sale of shares by stockholders.
Morgan Stanley Dean Witter will manage the underwriting group, with Merrill Lynch & Co., Donaldson Lufkin & Jenrette, Robertson Stephens, Chase H&Q; and Wit Capital Corp. serving as co-managers.
When available, a preliminary prospectus relating to the offering may be obtained from Morgan Stanley Dean Witter, 1585 Broadway, New York, N.Y. 10036.
Homestore.com operates a network of Web sites with home and real estate-related information.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
