Aliso Viejo, CA Went public 2/9/2000 at $13 apiece Filing Range: 14 mil. shares @ $10 to $12 Shares Outstanding: 129.14 mil. shares Underwriters: Merrill Lynch Bear Stearns/Chase H&Q/U.S. Bancorp Piper Jaffray FINANCIALS (Data except per-share in $ thousands) Y/E Y/E 12/98 12/99 Total Revenue $125,290 $596.848 Net Loss -17,844 -145,829 Net Loss Per Share […]
Companies commonly engage in one or more rounds of private financing before an initial public offering. Pre-IPO companies need the cash and venture capital firms need the substantial and more certain returns commonly associated with late round financing. However, a late round investment in a company that never consummates its initial public offering presents a […]
ebMD Inc. was just a step away from going public last summer when something better came along: Healtheon Corp. offered to buy it out. Deciding to forgo an initial public offering might have been an unlikely scenario just a few years ago. But it is more common in this age of proliferating high-tech companies, where […]
Sebastian, FL Went public 2/4/2000 at $15 apiece Filing Range: 8 mil. shares @ $12 to $14 Shares Outstanding: 32.23 mil. shares Underwriters: Adams Harkness & Hill First Union Capital Markets/FAC/Equities FINANCIALS (Data except per-share in $ thousands) Y/E Y/E 9 MOS 9 MOS 12/97 12/98 9/98 9/99 Total Revenue $0 $2,283 $1,106 $18,505 Net […]
FORT LEE, N.J. – Geocapital Partners, a backer of Internet and telecommunications companies, recently elevated Principal Whitney Bower to General Partner. Bower works on telecom investments with General Partner Stephen Clearman and Associate Satya Patel, and to a lesser extent, presides over Internet deals. Since joining the firm in 1997, Bower has evaluated deals, led […]
PITTSBURGH – Carnegie Learning Inc., a developer of educational software and products, believes one of the best ways to learn is by doing. The company’s products are based on learning tools developed from 15 years of research led by John Anderson, a professor of cognitive psychology and computer science at Carnegie Mellon University in Pittsburgh, […]
NEW YORK – In a move to expand its domestic and international presence, Internet incubator and venture firm Orbit Capital in late January hired Andreas Panayi as president, along with Joyce Yune as senior vice president and Curtis Ehrgott as chief technology officer, said James Nelson, Orbit’s chairman and chief executive. Panayi, who previously was […]
KANSAS CITY, Kan. – Hoping to serve what he sees as an underserved regional market, entrepreneur Lance LeMay in February officially launched October Capital LLC, which will focus primarily on business-to-business e-commerce and technology companies in the Kansas City and St. Louis areas. “We’ve been seeing a lot more venture activity in the local marketplace […]
ANDOVER, Mass./MENLO PARK, Calif. – @Ventures, the venture capital arm of CMGI Inc., recently launched the $1 billion @Ventures Technology Fund to back early-stage Internet enabling technologies and infrastructure companies, said Lior Yahalomi, managing partner of the fund. While it is still unclear how many companies the fund will back, average initial investments will range […]
TORONTO – Looking to capitalize on discount broker TD Waterhouse’s Internet presence, TD Bank Financial Group in late January launched first time venture fund, TD iCapital to focus on online financial businesses that provide services, financial content or enabling technologies, said David Grossman, vice president of New York-based TD iCapital. TD Waterhouse and TD Capital, […]