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AMERICA ONLINE ANNOUNCES COMPLETION OF INITIAL PUBLIC OFFERING

 AMERICA ONLINE ANNOUNCES COMPLETION OF INITIAL PUBLIC OFFERING
 VIENNA, Va., March 26 /PRNewswire/ -- America Online, Inc. (NASDAQ: AMER), announced today the completion of its initial public offering of 2,300,000 shares of common stock (including 300,000 shares to cover over-allotments), of which 1,107,238 were sold by the company and 1,282,762 by selling stockholders. The price per share to the public was $11.50.
 The offering is being underwritten by a syndicate of underwriters and managed by Alex. Brown & Sons Incorporated and Roberston, Stephens & Company.
 America Online is the leading independent provider of online service to consumers in the United States. The company offers subscribers a wide variety of services, including electronic mail, conferencing, news, sports, weather, stock quotes, software, computing support and online classes. These services can be accessed from a broad range of personal computers using America Online's proprietary, icon-based, windowing software.
 This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 3/26/92
 /CONTACT: Lennert J. Leader, chief financial officer, America Online, 703-448-8700/
 (AMER) CO: America Online, Inc. ST: Virginia IN: CPR SU: OFR


MK-SB -- DC015 -- 1921 03/26/92 11:31 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 26, 1992
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