COMPUTERS & TECHNOLOGY
Times Staff and Wire Reports
Wired Ventures Seeks $75.9 Million in IPO: The San Francisco-based publisher of Wired magazine filed to sell as much as 6.3 million shares in its initial public stock sale. There will be 37.25 million shares outstanding after the offering, valuing the company at about $450 million. The company plans to offer 4.4 million shares in the U.S. and 1.1 million shares internationally and can offer an additional 830,000 shares if demand is strong. It expects to price the shares at $12 each, according to the company’s filing with the Securities and Exchange Commission. Wired Ventures Inc. also operates HardWired, a new book publishing company, and runs HotWired, an Internet news provider.
