QUOKKA PREPARATION FOR IPO VALUES COMPANY AT $500M

          In preparation for its IPO, Quokka Sports has filed
     documents with the U.S. SEC that values the company at
     nearly $500M, according to David Crowe of the FINANCIAL
     REVIEW.  Quokka plans to offer 5.75 million shares for $11
     apiece on the NASDAQ, resulting in 43.6 million outstanding
     shares, placing the company's value at $479.6M.  Quokka
     Sports Vice Chair John Bertrand and CEO Alan Ramadan, both
     "principal founders" of the four-year-old Internet company,
     will hold shares worth $25M and $26M, respectively,
     following the IPO (FINANCIAL REVIEW, 6/16).