NEW YORK – Webstakes.com Inc., an on-line sweepstakes promotion company, went public September 24, offering 3.575 million shares at $14 apiece. The company’s stock priced in the middle of its $13 to $15 filing range. Underwritten by Bear, Stearns & Co. Inc., ING Barings, Thomas Weisel Partners and Wit Capital Corp., the initial public offering […]
SUNNYVALE, Calif. – Vitria Technology Inc., a provider of e-business infrastructure software, went public September 17, offering 3 million shares at $16 apiece. The company’s stock priced above its $13 to $15 filing range. Underwritten by Credit Suisse First Boston, Merrill Lynch & Co., BancBoston Robertson Stephens and SoundView Technology Group, the initial public offering […]
SEATTLE – InterNAP Network Services Corp., a provider of Internet connectivity services, went public September 29, offering 9.5 million shares at $20 apiece. The company’s stock priced above its $17 to $19 filing range. Underwritten by Morgan Stanley Dean Witter, Credit Suisse First Boston, Donaldson, Lufkin & Jenrette and Hambrecht & Quist, the initial public […]
VERNON HILLS, Ill. – Yesmail.com Inc., a provider of direct e-mail marketing solutions, went public September 23, offering 3.4 million shares at $11 apiece. The company’s stock priced in the middle of its $10 to $12 filing range. Underwritten by Deutsche Banc Alex. Brown, Thomas Weisel Partners and Volpe Brown Whelan & Co., the initial […]
WASHINGTON, D.C. – It is difficult to read the words “Central Intelligence Agency” and “venture capital” in the same sentence without expecting a punch line. But it’s no joke. The spy agency has carved $28 million out of its 1999 budget to set up a venture group operating as a separate non-profit entity. The organization, […]
NEW YORK – In an overall lukewarm third quarter that saw single-digit growth in equity underwriting activity, 84 venture-backed companies held initial public offerings, raising $5.9 billion, to provide some heat. From January to September 30, 180 venture-backed companies raised $13.02 billion and the average offering size was $72 million, according to data compiled by […]
WASHINGTON, D.C. – It is difficult to read the words “Central Intelligence Agency” and “venture capital” in the same sentence without expecting a punch line. But it’s no joke. The spy agency has carved $28 million out of its 1999 budget to set up a venture group operating as a separate non-profit entity. The organization, […]
WASHINGTON, D.C. – In an effort to capitalize on the glut of technological talent in the District of Columbia, three local entrepreneurs recently joined together to launch VenCatalyst Inc., a technology company incubator that plans to make six seed-stage investments in the next 18 months. While VenCatalyst has raised capital from several undisclosed outside investors, […]
MILAN – Venture capitalists worldwide have identified the area where telecommunications, information technology and media converge as a fertile – and rapidly expanding – source of investment opportunities. As its name suggests,Convergenza, a new Italian fund, will focus primarily on these sectors, but the fund also will target biotechnology, health care and tourism/services companies. Convergenza […]
LONDON – Specialist private equity fund-of-funds manager and investment adviser Pantheon Ventures at the end of September closed on more than $150 million for its Pantheon Global Secondary Fund, which will be capped at $500 million. Although the fund ranks as the group’s first dedicated secondaries vehicle, Pantheon is one of the oldest secondary investors, […]