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Initial Stock Offerings

BUSINESS
June 25, 1999 | JEFF LEEDS, TIMES STAFF WRITER
Nick Matzorkis already knows the Internet can be a risky business. His last encounter with the network ran amok when all but one of his Web page designers, who favored close-cropped hair and black Nike shoes, took their own lives as part of the ritual suicide of the Heaven's Gate cult two years ago.
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BUSINESS
June 5, 1999 | Bloomberg News
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.
BUSINESS
February 19, 1999 | Bloomberg News
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.
BUSINESS
December 9, 1998 | Bloomberg News
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.
BUSINESS
April 28, 1998 | STEPHEN GREGORY, SPECIAL TO THE TIMES
Upscale furniture and home accessories chain Restoration Hardware Inc. said on Monday that it intends to go public with an initial stock offering of up to $69 million to fuel expansion plans in the burgeoning home furnishings market that is being buoyed by baby boomers looking to feather their nests with stylish, high-quality designs.
BUSINESS
February 10, 1998 | BARBARA MURPHY
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.
BUSINESS
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.
BUSINESS
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.
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