BOSTON – Scudder Kemper Investments Inc. in December launched the Scudder Kemper Investments E-Cubator Group, an incubator geared toward funding, building and launching e-businesses in the financial services industry. Jay Kingley, formerly a partner at the e-business consulting firm Diamond Technology Partners, will head the new unit, whose parent company is Zurich Financial Services Group. […]
WESTWOOD, Mass. – Prism Venture Partners at press time was preparing for a January launch of Prism Venture Partners III L.P., which will target $200 million and invest in health-care, communications and Internet companies at all stages of development. “We expect about two-thirds of the new fund to go into Internet and communications sectors,” said […]
SANTA BARBARA, Calif. – Somera Communications Inc., a telecommunications equipment company, went public November 12, offering 8.5 million shares at $12 apiece. The company’s stock priced in the middle of its $11 to $13 filing range. Lehman Brother Holdings Inc., Dain Rauscher Wessels and Thomas Weisel Partners L.L.C. underwrote the initial public offering, which left […]
Seattle venture capitalists might not agree about exactly when it happened, but they do concur that the city has reached critical mass in the last few years when it comes to receiving venture capital and hosting entrepreneurial activity. Seattle can’t match Silicon Valley in terms of the sheer number of high-tech companies and venture capitalists […]
NEWTON, Mass. – MCK Communications Inc., a telecommuting services provider, went public October 22, offering 3.4 million shares at $16 apiece. The stock priced at the top of its $14 to $16 filing range. Underwritten by BancBoston Robertson Stephens, Dain Rauscher Wessels and Hambrecht & Quist, the offering left 17.9 million shares outstanding. Summit Partners […]
CHELMSFORD, Mass. – Sycamore Networks Inc., an optical networking products manufacturer, went public October 22, offering 7.5 million shares at $38 apiece, above its $35 to $37 filing range. Morgan Stanley Dean Witter & Co. Lehman Brothers, J.P. Morgan & Co. and Dain Rauscher Wessels underwote the initial public offering, which left 77.1 million shares […]
MALVERN, Pa. – Triton PCS Holdings Inc., a cellular telecommunications service provider, went public October 28, offering 10 million shares at $18 apiece, above its $15 to $17 filing range. Morgan Stanley Dean Witter & Co., Lehman Brothers, Salomon Smith Barney and J.P. Morgan & Co. underwrote the offering, which left 59.8 million shares outstanding. […]
SUNNYVALE, Calif. – QuickLogic Corp., a semiconductor and software company, held an initial public offering October 15, offering 6.7 million shares at $10 apiece. The company’s stock priced at the high end of its $8 to $10 filing range. BancBoston Robertson Stephens, Bear, Stearns & Co. Inc. and SoundView Technology Group underwrote the IPO, which […]
SAN MATEO, Calif – Viador Inc., a business software company, held an initial public offering October 26, offering 4 million shares at $9 apiece, at the bottom of its $9 to $11 filing range. Bear, Stearns & Co. Inc., CIBC World Markets and U.S. Bancorp Piper Jaffray underwrote the offering, which left 15.9 million shares […]
NEW YORK – Predictive Systems Inc., a network consulting company, went public October 27, offering 4 million shares at $18 apiece. The stock priced well above its $12 to $14 filing range. BancBoston Robertson Stephens, Bear, Stearns & Co. Inc., Donaldson, Lufkin & Jenrette Securities Corp. and First Union Capital Markets Corp. underwrote the offering, […]