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Short Take: Internet America postpones IPO

Internet America postponed its initial public offering due to market conditions, according to the company's underwriter, Hoak Securities. The Dallas-based ISP had planned to sell 2.3 million shares at $9-11 apiece, but is now considering the IPO in the spring, said an underwriting source quoted by Reuters.

Jan. 2, 2002 4:43 p.m. PT

Internet America postponed its initial public offering due to market conditions, according to the company's underwriter, Hoak Securities. The Dallas-based ISP had planned to sell 2.3 million shares at $9-11 apiece, but is now considering the IPO in the spring, said an underwriting source quoted by Reuters.