NEW YORK – TheStreet.com Inc, a provider of online financial news, went public May 10, offering 5.5 million shares of common stock. The stock priced at $19 apiece, at the top of the company’s $17 to $19 filing range.
Underwriters included Goldman, Sachs & Co., Hambrecht & Quist and Thomas Weisel Partners L.L.C. There were no selling shareholders.
Venture backers include Oak Investment Partners, Chase Capital Partners, Softbank Technology Ventures, Constellation Venture Cap
The Street.com – Selected Financial
(in thousands, except per share data )
June 18, 1996 (Inception) Year Ended Year Ended Three Months Ended March 31,
through December 31,1996 December 31, 1997 December 31, 1998 1998 1999
Net revenue 589 4,623 918 1,991
Net loss -1,733 -5,764 -16,358 -3,680 -7,177
Net loss per share* -0.29 -0.95 -1.74 -0.61 -0.42
*Pro forma