| October
25, 2004
Shopping.com Announces Initial Public
Offering
BRISBANE, Calif., Oct 25, 2004 /PRNewswire-FirstCall
via COMTEX/ -- Shopping.com Ltd. (Nasdaq:
SHOP) today announced the pricing
of its initial public offering of
6,871,160 ordinary shares, at a price
of $18.00 per share. The offering
consists of 5,060,084 shares offered
by Shopping.com and 1,811,076 shares
offered by selling shareholders. In
addition, the underwriters have an
overallotment option to purchase up
to an additional 1,030,674 ordinary
shares from Shopping.com at the initial
public offering price less the underwriting
discount. Shopping.com's ordinary
shares will be quoted on the NASDAQ
National Market under the trading
symbol "SHOP".
The lead managers of the offering
are Goldman, Sachs & Co, and Credit
Suisse First Boston. Goldman, Sachs
& Co. is the sole bookrunner on
the transaction. Piper Jaffray and
Deutsche Bank Securities are acting
as co-managers. A copy of the final
prospectus relating to the offering
may be obtained, when available, from
the Goldman Sachs Prospectus Department
at 85 Broad Street, Concourse Level,
New York, New York 10004, by telephone
at 212-902-1171 or by faxing a request
to 212-902-9316.
A registration statement relating
to these securities was declared effective
by the Securities and Exchange Commission
on October 25, 2004. The public offering
is being made by means of a prospectus.
This press release shall not constitute
an offer to sell or a solicitation
of an offer to buy nor shall there
be any sale of these securities in
any state or jurisdiction in which
such offer, solicitation or sale would
be unlawful prior to registration
or qualification under the securities
laws of any such state or jurisdiction.
About Shopping.com
Shopping.com Ltd. is a leading online
comparison shopping service. The Company
gathers product and merchant data
from across the Internet, organizes
and structures it into a comprehensive
catalog, and presents the resulting
information to consumers in a user-friendly
interface. Shopping.com was launched
in 2003 as the new brand and corporate
identity of Dealtime.com, founded
in 1997, and Epinions.com, founded
in 1999. For further information,
please refer to the final prospectus
available in connection with the offering.
SOURCE Shopping.com Ltd.
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