NEWS Following the relative success of PayPal's IPO last month, Overstock.com has announced that it too is to make a stock market debut. The company sells off branded stock that other companies have been unable to sell. It plans to sell off as much as $36.8m in common stock to fund general activities such as marketing, expansion and debt reduction. At the moment, dot-com bellwether Amazon possesses 7.6 per cent of the 24 million of the outstanding Overstock shares. The proposed share price has not yet been revealed.
Overstock.com braves IPO waters
Dot-com days are here again...
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