SCOTTS VALLEY, Calif. – Rainmaker Systems Inc., a marketing services company, went public November 17, offering 5 million shares at $8 apiece. The company’s stock priced at the bottom of its $8 to $10 filing range. Underwritten by Donaldson, Lufkin & Jenrette Inc., Thomas Weisel Partners L.L.C., SG Cowen Securities Corp. and DLJdirect Inc., the […]
NEEDHAM, Mass. – SmarterKids.com Inc., an educational products e-tailer, went public November 23, offering 4.5 million shares at $14 apiece. The company’s stock priced in the middle of its $13 to $15 filing range. Underwritten by Hambrecht & Quist Group, U.S. Bancorp Piper Jaffray and E*OFFERING Corp., the initial public offering left 19.3 million shares […]
MORRISVILLE, N.C. – SciQuest.com Inc., a lab equipment e-tailer, went public November 19, offering 7.5 million shares at $16 apiece. The company’s stock priced well above its $12 to $14 filing range. Donaldson, Lufkin & Jenrette Inc., Deutsche Banc Alex. Brown AG, Hambrecht & Quist Group, DLJdirect Inc. and E*OFFERING Corp. underwrote the initial public […]
SAN JOSE, Calif. – Sage Inc., a display processor company, went public November 11, offering 3 million shares at $12 apiece. The company’s stock priced well above its $8 to $10 filing range. Underwritten by BancBoston Robertson Stephens & Co., Prudential Securities Inc. and Needham & Co. Inc., the initial public offering left 9.8 million […]
SANTA CLARA, Calif. – Network security device provider SonicWALL Inc. went public November 11, offering 4 million shares at $14 apiece. The company’s stock priced at the top of its $12 to $14 filing range. Bear, Sterns & Co. Inc., Hambrecht & Quist and Thomas Weisel Partners L.L.C. underwrote the initial public offering, which left […]
ANDOVER, Mass. – CMGI Inc., through its @Ventures venture arm, has completed initial closes on two separate investment vehicles that will target companies in the business-to-business and business-to-consumer e-commerce industries. CMGI is the sole limited partner for both funds, CMGI @Ventures B2B Fund and @Ventures IV. Together they are expected to raise as much as […]
CAMBRIDGE, Mass. – NeoCarta Ventures Inc. in December closed its freshman fund on $275 million, surpassing the $150 million target set at its September launch. Tom Naughton, a managing director of the group, expects to invest 50% of the fund into business-to-business companies, with the remainder split evenly between business-to-consumer and enabling technology businesses. Naughton, […]
WASHINGTON, D.C. – At press time, a measure extending a research-and-development tax credit had been approved by both houses of Congress and was awaiting President Bill Clinton’s signature. The president intends to sign the bill, which extends the write-off until mid-2004, a White House spokeswoman said. The perk is not directly helpful to venture capitalists […]
AUSTIN, Texas – The National Venture Capital Association (NVCA) in late November presented Sen. Phil Gramm (R.-Texas) with the Steiger Award for outstanding service to the nation. The NVCA recognized Gramm for his support of the venture capital and entrepreneurial community through his sponsorship of a capital-gains tax rate reduction and his support of research […]
SAN FRANCISCO – Nth Power Technologies Inc., which launched its sophomore effort in July, is expecting a first close on about $25 million in January, said Maurice Gunderson, a managing director at the firm. Targeted at between $75 million and $100 million, Nth Power Technologies Fund II L.P. will back early-stage companies positioned to capitalize […]