CitySearch Inc has priced its initial public offering, hoping to raise $43.8m after expenses (CI No 3,438). The company is offering four million shares at a target price of between $11 and $13 per share. The four million shares represent 19.2% of the company’s stock, giving it a market capitalization of $270.4m if the $13 target price is met. CitySearch has guides to 12 US cities.
