MyPoints Launches IPO

MyPoints.com Inc., San Francisco, began an initial public offering of 5 million share of its common stock at $8 per share on Friday.

All the shares offered are being sold by the company. The shares are being offered through BancBoston Robertson Stephens Inc. as lead manager as well as Bear, Strearns & Co Inc, Salomon Smith Barney Inc., and Wit Capital Corp.