BURLINGTON, Mass. – SilverStream Software Inc., a software provider, went public August 17, offering 3 million shares at $16 apiece. The company’s stock priced above its $13 to $15 filing range. Underwritten by Morgan Stanley Dean Witter, BancBoston Robertson Stephens and SG Cowen, the initial public offering left 17.1 million shares outstanding. Venture backers included […]
KING OF PRUSSIA, Pa. – U.S. Interactive Inc., a provider of professional services that help companies take advantage of Internet business opportunities, went public August 10, offering 4.6 million shares at $10 apiece. The company’s stock priced at the low end of its $10 to $12 filing range. Underwritten by Lehman Brothers, Hambrecht & Quist […]
REDWOOD CITY, Calif. – Tumbleweed Communications Corp., a provider of secure Internet communication services, went public August 6, offering 4 million shares at $12 apiece. The company’s stock priced at the low end of its $12 to $14 filing range. Credit Suisse First Boston, Hambrecht & Quist and ING Barings underwrote the initial public offering, […]
WALTHAM, Mass. – Lionbridge Technologies Inc., a worldwide provider of globalization services to technology companies, went public August 20, offering 3.5 million shares at $10 apiece. The company’s stock priced below its $12 to $14 filing range. Underwritten by Prudential Securities, U.S. Bancorp Piper Jaffray and Adams, Harkness & Hill Inc., the initial public offering […]
ALAMEDA, Calif. – Wink Communications Inc., a provider of an end-to-end system for low-cost electronic commerce on television, went public August 19, offering 4.75 million shares at $16 apiece. The company’s stock priced at the high end of its $14 to $16 filing range. Underwritten by Donaldson, Lufkin & Jenrette, Deutsche Banc Alex. Brown and […]
MENLO PARK, Calif. – The owners of electronic organizers all across Silicon Valley will have to make several adjustments to their address books as Brentwood Venture Capital and Institutional Venture Partners (IVP) divide their enterprises and regroup into separate health-care and information technology firms. Two health-care specialists from Crosspoint Venture Partners also will take part […]
MENLO PARK/PALO ALTO, Calif. – Two of the three founders of Sand Hill’s Road’s Information Technology Ventures have relocated to Palo Alto to open a new firm, Infinity Capital, taking with them the firm’s principals and office staff. Meanwhile, the third founder was preparing a new venture fund of his own. ITV founders Sam Lee […]
SANTA CLARA, Calif. – To complement the launch of Intel Corp.’s new network platform, the company in early September created a $200 million venture fund dedicated to investing in voice and data communications deals. The newly formed Intel Communications Fund will invest in companies developing software based on Intel’s new Internet Exchange (IX) Architecture, which […]
NEW YORK – Deutsche Telekom AG, a European provider of communications services, is about to launch the $100 million T-Venture of America fund, which will invest in early-stage communications and information technology companies in the United States. Although Deutsche Telekom has invested in American companies through its Germany-based vehicle, T-Venture of America will be the […]
WESTPORT, Conn. – Oak Investment Partners raised more than $1 billion in 10 working days for its latest fund, Oak Investment Partners IX, after a more than $500 million first close in the second week of September. The firm expected a final close at the end of the month. While Oak did not want to […]