TECHNOLOGY - April 12, 1996

Yahoo! Shares Priced at $13: Shares in Yahoo Inc., one of the small firms that developed an easy way to find information on the Internet, will be traded publicly for the first time today. Yahoo issued 2.6 million shares to the public, about 10% of its 25.7 million. At $13 each, the company emerges with a market value of $334.1 million. Founders Jerry Yang and David Filo, who were graduate students when they started the company in 1994, each own 5 million shares, worth $65 million based on the initial price. The company’s underwriter, Goldman, Sachs & Co., had previously indicated the stock would be priced at $10 to $12. The Sunnyvale, Calif.-based company is the third IPO in two weeks of a company that operates a so-called search engine, Yahoo!, for finding information on the global data network.