June 5, 1999 |
Red Hat Software Inc., which sells a Linux operating system that competes with Microsoft Corp.'s Windows software, filed to raise as much as $96.6 million through an initial stock sale. The Durham, N.C.-based company will use proceeds from the stock sale for general corporate purposes, including working capital and geographic expansion, according to its filing with the Securities and Exchange Commission.
February 19, 1999 |
Get ready for the next Internet-related stock rocket: Vignette Corp., a maker of software designed to help online retailers increase sales, raised $76 million in an initial stock sale Thursday. The Austin, Texas-based company and existing shareholders sold 4 million shares at $19 each. That was $2 above the top of the $15-to-$17 range set by lead underwriter Morgan Stanley, Dean Witter & Co.
December 9, 1998 |
Xoom.com Inc., an Internet-based direct marketing company, and Exchange Applications Inc., a business marketing software developer, completed larger-than-expected initial stock sales Tuesday--indicating both may surge when they begin trading today. Xoom.com, based in San Francisco, sold 4 million shares at $14 each. That was at the high end of the $12-$14 range set by lead underwriter Bear, Stearns & Co., which had raised the range Monday from $9-$11.
February 10, 1998 |
California Oaks State Bank, which is in the organizational stage, completed its initial stock offering by raising almost $5.7 million in less than five months. The money will be used to capitalize the Thousand Oaks bank. The grand opening of the bank, at 50 W. Hillcrest Drive, is scheduled for Feb. 18. Anthony D. Kourounis is president and chief executive officer.
January 7, 1997
Intellicell Corp., a Van Nuys distributor of wireless communications products, has completed its first public offering of stock. The company has netted about $9 million in the offering, which Chief Financial Officer Jim Bunting said will be used to augment a credit line obtained last year. Sans Brothers & Co. was the representative for several underwriters. Bunting said Intellicell, which sells cellular phones and accessories, is growing due to expansion of the cellular market.
November 26, 1996
Panavision Inc., the Woodland Hills maker of motion picture camera systems, raised $59.5 million in its initial public offering. The company sold 3.5 million shares of common stock for $17 apiece, within its expected price range of $16 to $18 a share. In its first day of trading on the New York Stock Exchange on Thursday, Panavision's stock closed at $20 a share. Panavision plans to use the proceeds from the stock sale to repay debt, for working capital and general corporate purposes.
April 22, 1996 |
Deb Triant giggles over the bouquet of long-stemmed roses sitting on her kitchen counter, the latest gift from an investment banker who has been wooing her for several months. But Triant is already a happily married mother of two: What the banker wants is her business. And there are nine others who have been in hot pursuit. As chief executive officer of Checkpoint Software Technologies Ltd.
December 20, 1995
Verteq Inc., a supplier of cleaning equipment for computer chip makers, said that it probably will delay its initial stock offering until after the company reports its third-quarter results in April. The Santa Ana company canceled its public trading debut Friday when semiconductor makers absorbed heavy stock market losses. Verteq had planned to raise about $17.8 million from the sale of 2.2 million shares. "We don't think the market will snap around overnight," said Fred G.