CitySearch Puts IPO Share Price at $11 to $13

CitySearch Inc., the operator of online city guides that provide restaurant reviews, movie schedules and other information over the Internet, expects to sell 4 million shares at $11 to $13 apiece through a proposed initial public offering. The Pasadena-based company hopes to tap the booming investor interest that’s pushed shares of other Internet IPOs to soaring heights amid an otherwise lackluster market for new issues. CitySearch runs Web sites touting arts and entertainment in various cities, including Los Angeles, competing with Microsoft Corp. and others. In partnership with local media and businesses, CitySearch provides consumer-specific information and advertising. CitySearch first filed with the Securities and Exchange Commission last month without setting the size and anticipated price range of its offering. Based on the new figures, the company could be valued at $250 million or more.