At $9 a share, @Home, which registered its IPO in May, could raise upwards of $72 million in capital from floating out 8 million shares. That's up from the $56 million the Net access provider would have raised with its earlier proposed price of $7 a share.
The company would also have a market value of $977.4 million with a $9 offering price. That brings @Home closer to the $1.07 billion valuation it had when it sold a 4.5 percent stake in the company to Sun Microsystems, Motorola, Bay Networks, Rogers Cablesystems, and Shaw Communications for $48 million.
Last month, online bookstore Amazon.com (AMZN) and interface technology company Rambus (RMBS) launched initially successful IPOs. Currently, Amazon is trading at its IPO price, while Rambus' stock has rocketed up more than three times its initial price.
@Home, which is in a fast-growing market, lost $11.7 million on revenues of $806,000 for the quarter ending March 31. During 1996, the company posted a loss of $24.5 million on revenues of $676,000.