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Excite follows Yahoo with IPO

Internet search service Excite today filed registration for an initial public offering of 1.3 million shares with the Securities and Exchange Commission not even three days after chief competitor Yahoo announced its own IPO.

Internet search service Excite filed registration for an initial public offering of 1.3 million shares with the Securities and Exchange Commission not even three days after chief competitor Yahoo announced its own IPO.

The Excite shares are expected to be priced between $12 and $14 each, for a total offering of between $15.6 million and $16.8 million.

Yahoo filed an IPO offering of 2.6 million shares Friday. Yahoo's shares are expected to be priced between $10 and $12.

Both companies expect to offer shares by next month. Nearly all the advertising-funded search services rank high on lists of most profitable Web sites as new users continue to seek out the search tools to navigate the Internet.

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