NEW YORK – Miningco.com Inc., a provider of Internet information services, went public March 24, selling 3 million shares. The stock priced at $25 per share, at the top of the company’s $23 to $25 filing range. The initial public offering was underwritten by Bear, Stearns & Co. Inc., Volpe Brown Whelan & Co., and […]
FORT WORTH, Texas – FlashNet Communications Inc., an Internet service provider, went public March 16, offering 3.1 million shares at $17 a piece. Stocks priced well above the company’s $14 to $15 filing range. The offering, underwritten by BancBoston Robertson Stephens, J.C. Bradford & Co. and EVEREN Securities Inc., left 13 million shares outstanding. Venture […]
SAN FRANCISCO – Critical Path Inc., a provider of e-mail hosting services, went public March 29. The stock priced at $24, well above the $20 to $22 filing range. The company offered 4.5 million shares. Underwriters for the initial public offering, which left 34 million shares outstanding, include BancBoston Robertson Stephens Inc., Hambrecht & Quist, […]
HONOLULU – Cheap Tickets Inc., a retailer of discount airline tickets, went public March 19, offering 3.5 million shares at $15 apiece. The stocks priced within the company’s $14 to $15 filing range. Proceeds from the offering are estimated at $52 million and will be used for general corporate purposes. The initial public offering, which […]
SANTA CLARA, Calif. -Autoweb.com, an automotive Internet service, went public March 22, offering 5 million shares of stock. The stock priced at $14, well above the company’s $10 to $12 filing range. The offering, underwritten by Credit Suisse First Boston, Hambrecht & Quist, BancBoston Robertson Stephens Inc. and U.S. Bancorp Piper Jaffray Inc., left 23 […]
CAMBRIDGE, Mass. – Zero Stage Capital invests in early- and late-stage health-care, bio-technical and telecommunications companies in the Northeastern United States. Founded in 1981, Zero Stage has about $225 million under management spread across six funds and has invested in more than 90 companies. Zero Stage Capital VI held a $125 million close in October […]
STAMFORD, Conn. – Can venture capitalists invest predominately in companies that are geared toward minority markets? TSG Capital Group, L.L.C., a private equity firm specializing in ethnic market investments, thinks so. The $515 million TSG Capital Fund III closed in January 1999, and one-third of the vehicle is invested. TSG’s first $20 million fund, TSG […]
IRVINE, Calif. – Autobytel.com, an Internet service for the purchase of new and used vehicles, went public March 26. The company offered 4.5 million shares at $23 a share, well above the $20 to $22 filing range. The $103.5 million IPO left 17.8 million shares outstanding, and proceed will be used for general corporate purposes. […]
NEW YORK – Alloy Online Inc., an Internet service provider for teens and young adults, filed to go public March 10. An offering size and filing range have not yet been established. The underwriters for the deal include BancBoston Robertson Stephens, Volpe Brown Whelan & Co., Dain Rausher Wessels and Ladenburg Thalmann & Co. There […]
PITTSBURGH – After nearly a year of speculation, the long-rumored venture fund aimed at capitalizing on Western Pennsylvania’s seed-stage technology companies might be approaching a launch. Sources estimated the proposed vehicle will target $50 million for seed-stage deals, particularly those spun out of Carnegie Mellon University and the University of Pittsburgh. The two universities and […]