BUDGET 2000
SPECIALS
INTERVIEWS
COMMENTARY
GOVT&ECONOMY
Y2K: BIZ FEATURES
INDIA & THE WTO
CREDIT POLICY
BIZ IN THE USA
CARS & MOBIKES
MANAGEMENT
CASE STUDY
BIZ-QUIZ
USEFUL INFO
ARCHIVES
NEWSLINKS
SEARCH REDIFF

Search Rediff

rediff.com closes at $19.31 on the NASDAQ

The rediff.com stock closed at 19.31 per ADR after touching a high of $ 23.5. More than 1.45 million ADRs were traded.

The rediff.com India stock opened at $ 21 per ADR and was quoting at $ 23 at 20.30 hours (IST). The ADR has touched a low of $ 20 earlier.

Earlier reports said that Rediff.com India Limited, a leading India-related Internet portal, raised $ 55.2 million when it sold 4.6 million American Depository Shares, or ADS, in an initial public offering on Wednesday.

The ADS represented 2.3 million equity shares. The ADS priced at $ 12 each through lead underwriter Goldman Sachs, at the top of the expected price range of $ 10 to $ 12.

rediff.com, which was launched four years ago, provides news and chats on topics ranging from cricket to finance.

Back to top

(c) Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Tell us what you think of this report