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More Web Companies Set IPO Plans in Dec.

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Bloomberg News

Soaring prices for Internet stocks have caused a flurry of companies with “com,” “net” or “web” in their name to announce plans for initial public offerings of stock.

About 10 Net-related companies filed plans in December with the Securities and Exchange Commission for IPOs, compared with one in November, according to a Bloomberg News compilation.

Those companies include Priceline.com Inc., a Stamford, Conn.-based airline and hotel reservations broker, and WebTrends Corp., a Portland, Ore.-based maker of software to track the performance of corporate Web sites.

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“Companies are saying, ‘This window of opportunity for raising public money on Internet deals is still open, and we want to get through that window before it closes,’ ” said Lawrence York, portfolio manager for the Lexington, Ky.-based WWW.Internet Fund.

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