View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 3, 1999


By CBR Staff Writer

Internet broadcaster NetRadio Corp has filed with the Securities and Exchange Commission for an initial public offering of $37.4m worth of its common stock. All of the shares offered will be sold by the Minneapolis-based company and Everen Securities Inc has signed on as the lead underwriter. The specific number of shares to be offered and the offering price has yet to be determined, the company said. It intends to use the proceeds for working capital and other corporate purposes including advertising and capital expenditures. According to the SEC filing, NetRadio, majority-owned by Navarre Corp, showed a net loss of $3.9m last year on revenue of just $255,000. The cumulative loss since its 1995 inception totals $5.9m and it expects losses to continue for the foreseeable future as it expands its business. The company offers 120 channels of music and information content. Its shares will trade on the Nasdaq market under the symbol NETR.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.