WebMD unit files for IPO of up to $50 million
An AP newswire report in USA Today reveals that:
New Jersey-based WebMD Corp. plans to take the unit that runs its health Web sites public in an initial offering of stock worth up to $50 million, the company said Thursday.
The New York-based unit, WebMD Health Holdings Inc., had net income of $6.5 million on revenue of $134.1 million last year.
posted by Fergie @ 5/16/2005 06:05:00 AM
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