WEBVAN DELAYS IPO IN SEC ACCORD

FOSTER CITY, Calif. -- Webvan Group, an Internet grocery company here, said it was postponing its initial public offering, originally scheduled for early last week, in response to concerns raised by the Securities and Exchange Commission.A spokeswoman for Webvan told SN: "In view of the significant amount of publicity with respect to Webvan's proposed public offering, the SEC and Webvan have agreed

FOSTER CITY, Calif. -- Webvan Group, an Internet grocery company here, said it was postponing its initial public offering, originally scheduled for early last week, in response to concerns raised by the Securities and Exchange Commission.

A spokeswoman for Webvan told SN: "In view of the significant amount of publicity with respect to Webvan's proposed public offering, the SEC and Webvan have agreed to a cooling-off period prior to the commencement of the offering."

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