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Short Take: KPNQwest files for IPO

KPNQwest, the European joint venture between Qwest Communications International and Dutch communications firm KPN, have filed with regulators in the United States and the Netherlands for an initial public stock offering. KPNQwest plans to sell 44 million class C shares at a range of $18.73 to $21.41 per share. The shares will trade on the Nasdaq and the Amsterdam stock markets under the "KQIP" ticker symbol. The IPO, first announced in August, is expected in mid-November. Morgan Stanley Dean Witter is the lead underwriter for the offering.

KPNQwest, the European joint venture between Qwest Communications International and Dutch communications firm KPN, have filed with regulators in the United States and the Netherlands for an initial public stock offering. KPNQwest plans to sell 44 million class C shares at a range of $18.73 to $21.41 per share. The shares will trade on the Nasdaq and the Amsterdam stock markets under the "KQIP" ticker symbol. The IPO, first announced in August, is expected in mid-November. Morgan Stanley Dean Witter is the lead underwriter for the offering.