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A joint venture between AOL and Venezuela's media giant Cisneros Group, priced 25 million shares for its IPO at $8 a share. AOL Latin America raised $200 million, less than half of what it hoped to raise originally, reflecting the poor market conditions for Net companies targeted at Spanish and Portuguese-speaking audiences.
August 11, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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