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Tech Industry

Short Take: iXL sets public offering stock price

Web consulting firm iXL has priced its public offering of 7 million shares at $37 per share. Of the 7 million offered, 2 million are being offered by the company and the remaining 5 million are being offered by existing stockholders. iXL also said it has granted underwriters such as Merrill Lynch, Donaldson, Lufkin, & Jenrette and Robertson Stephens an option to buy up to an additional 1.1 million shares to cover any over-allotments.

    Web consulting firm iXL has priced its public offering of 7 million shares at $37 per share. Of the 7 million offered, 2 million are being offered by the company and the remaining 5 million are being offered by existing stockholders. iXL also said it has granted underwriters such as Merrill Lynch, Donaldson, Lufkin, & Jenrette and Robertson Stephens an option to buy up to an additional 1.1 million shares to cover any over-allotments.