MoFo News Item

MoFo Works on Record-Breaking IPO -- theglobe.com

11/1/1998
Morrison & Foerster served as underwriters' counsel to Bear, Stearns & Co. Inc. and Volpe Brown Whelan & Co. in the initial public offering of theglobe.com, inc., a web community that offers users free home pages, e-mail, discussion forums and other services, as well as news, weather, movie and music reviews, and other content. The IPO raised approximately $30 million for the theglobe.com through the sale of 3,481,667 shares at $9 per share. The IPO for theglobe.com also set a record for the greatest first-day price increase ever for an IPO.
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