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April 11, 2000 | MARC BALLON, TIMES STAFF WRITER
In an effort to carve out a bigger chunk of the growing Internet recruiting business, an Irvine online executive and professional search firm will seek to raise $75 million through an initial public stock offering. LeadersOnline Inc., a subsidiary of leading executive search firm Heidrick & Struggles International Inc. in Chicago, said it plans to use proceeds from the stock sale to step up its marketing efforts and improve its Internet technology, among other things.
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BUSINESS
April 11, 2000 | MARC BALLON, TIMES STAFF WRITER
In an effort to carve out a bigger chunk of the growing Internet recruiting business, an Irvine online executive and professional search firm will seek to raise $75 million through an initial public stock offering. LeadersOnline Inc., a subsidiary of leading executive search firm Heidrick & Struggles International Inc. in Chicago, said it plans to use proceeds from the stock sale to step up its marketing efforts and improve its Internet technology, among other things.
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BUSINESS
April 11, 2000 | Bloomberg News
LeadersOnline Inc., an online executive and professional search and placement business based in Irvine, filed with the Securities and Exchange Commission for a $75-million initial stock sale. LeadersOnline is owned by Heidrick & Struggles International Inc. of Chicago, one of the largest executive search firms, which itself went public last April at $14 a share. Heidrick will continue to control the company after the IPO, the filing said. Heidrick's shares rose 13 cents to close at $36.
BUSINESS
September 26, 2000 | From Times Staff and Wire Reports
LeadersOnline Inc. in Irvine, an online executive and professional search-and-placement business, said Monday that it is withdrawing its $75-million initial stock sale because of market conditions. The company "does not believe that the terms available in the public market at this time are sufficiently favorable to warrant proceeding with or completing an initial public offering of the shares," according to a document it filed with the Securities and Exchange Commission.
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