|October 25, 2004
Shopping.com Announces Initial Public Offering
|"Brisbane, Calif. - October 25, 2004 - 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.
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.