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Short Take: Hiway Technologies files to go public

Hiway Technologies, a provider of Web-hosting services to small- and medium-sized businesses, has filed a registration statement with the SEC for an initial public offering of approximately $50 million of its common stock. All of the shares in the offering will be sold by the company. The offering is being lead managed by BT Alex Brown, and comanaged by Donaldson Lufkin & Jenrette, and Bear Stearns.

Hiway Technologies, a provider of Web-hosting services to small- and medium-sized businesses, has filed a registration statement with the SEC for an initial public offering of approximately $50 million of its common stock. All of the shares in the offering will be sold by the company. The offering is being lead managed by BT Alex Brown, and comanaged by Donaldson Lufkin & Jenrette, and Bear Stearns.