Juno Online Services Inc. –

NEW YORK – Juno Online Services Inc., an Internet service provider, went public May 25. The company offered 6.5 million shares at $13, the top of its $11 to $13 filing range.

Venture investors include D.E. Shaw Investment Group L.P. and Prospect Street Ventures. There were no selling shareholders.

Salomon Smith Barney, Bear, Stearns & Co. Inc., and PaineWebber Inc. underwrote the offering, which left 34.6 million shares outstanding.

Juno Online, incorporated in July 1996, provides Internet services ranging from basic dial-up e-mail to subscriber-based access to the Web. The company provides customers with 1,900 local phone numbers for Internet access.

Proceeds from the offering, worth an estimated $84.5 million, will be used to repay debt and for general corporate purposes.

Edward Ryeom, a partner at Prospect Street, joined the company’s board of directors in March.

Juno Online Services – Selected Financial

(in thousands, except per share data )

June 30, 1995 (Inception) Year Ended Dec. 31, three Months Ended March 31,

to December 31, 1995 1996 1997 1998 1998 1999

Total revenue 136 9,091 21,694 4,270 9,720

Net loss -3,833 -23,002 -33,739 -31,626 -10,590 -6,767

Net loss per share -1.85 -0.32