Short Take: 24/7 readies for IPO

Internet advertising company 24/7 Media filed for an initial public offering with the SEC. The document did not disclose the number of shares to be offered or the expected offering price. The filing said the company planned to generate no more than $46 million and filed to trade on the Nasdaq under the ticker symbol "TFSM." Merrill Lynch, Allen & Company, and J.P. Morgan are the underwriters.

June 8, 1998 11:45 a.m. PT

Internet advertising company filed for an initial public offering with the SEC. The document did not disclose the number of shares to be offered or the expected offering price. The filing said the company planned to generate no more than $46 million and filed to trade on the Nasdaq under the ticker symbol "TFSM." Merrill Lynch, Allen & Company, and J.P. Morgan are the underwriters.