Short Take: Musicmaker.com postpones IPO

Musicmaker.com, which was expected to begin trading on the Nasdaq Market today under the symbol "HITS", announced it is delaying its initial public offering because of licensing negotiations with an undisclosed music entertainment company. Musicmaker.com, which provides customized music compact disc compilations over the Net, said it is temporarily postponing its IPO of 3 million shares of common stock in the price range of $7 to $9 per share.

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

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, which was expected to begin trading on the Nasdaq Market today under the symbol "HITS", announced it is delaying its initial public offering because of licensing negotiations with an undisclosed music entertainment company. Musicmaker.com, which provides customized music compact disc compilations over the Net, said it is temporarily postponing its IPO of 3 million shares of common stock in the price range of $7 to $9 per share.