LANHAM, Md. – Radio One Inc., which owns and operates radio stations throughout the eastern United States, held an initial public offering May 5. The company offered 6.5 million shares at $24 apiece, at the top of its $22 to $24 filing range. Underwriters included Credit Suisse First Boston, Bear, Stearns & Co. Inc., BT […]
CUPERTINO, Calif. – Portal Software Inc., a developer of customer management and billing software for providers of Internet-based services, went public May 5. The company offered 4 million shares at the offering price of $14 per share. Accel Partners is a venture backer. Goldman, Sachs & Co., Credit Suisse First Boston, BancBoston Robertson Stephens and […]
BRENTWOOD, Tenn. – Private Business Inc., a company that develops and markets software solutions to community banks, went public May 26. The company offered 4.35 million shares of stock at $8 apiece. Underwriters included BT Alex. Brown, BancBoston Robertson Stephens and Lehman Brothers. The offering left 26.4 million shares outstanding. Summit Partners L.L.C., TA Associates […]
SAN DIEGO, Calif. – Newgen Results Corp., a management and marketing service for car dealerships’ repair departments, held an initial public offering May 21. The company offered 2.7 million shares of common stock at $13 apiece, in the middle of the $12 to $14 filing range. Hambrecht & Quist, BancBoston Robertson Stephens and Dain Rauscher […]
REDWOOD CITY, Calif. – Professional athletes are not your typical venture capital investors, but former professional football players Ronnie Lott and Harris Barton are trying to change that. The pair recently launched Champion Ventures I, a fund-of-funds with a $30 million target, which could reach a first and possibly final close by the end of […]
SAN FRANCISCO – NorthPoint Communications Group Inc., an online network service provider, went public May 5. The company offered 15 million shares of common stock at $24, well above its $16.50 to $19.50 filing range. Accel Partners, Benchmark Capital, The Carlyle Group, Greylock L.P., Charles Ross Partners Investment Fund and Vulcan Ventures Inc. were venture […]
SAN FRANCISCO – NextCard Inc., a company that markets an online credit card, held an initial public offering May 14. The company offered 6 million shares of common stock at $20 apiece, above the $17 to $19 filing range. Brentwood Venture Capital, Moore Capital Management, Kleiner Perkins Caufield & Byers, Forest Binkley & Brown, Trinity […]
The venture industry took a breather last year as VC partnerships posted a 17.2% return to investors, compared with the 30% to 40% annual returns enjoyed since 1994, according to the Venture Economics Private Equity Performance database, which tracks 1,050 private equity partnerships. The results will be published in the the 1999 Investment Benchmarks Report. […]
NEW YORK – TheStreet.com Inc, a provider of online financial news, went public May 10, offering 5.5 million shares of common stock. The stock priced at $19 apiece, at the top of the company’s $17 to $19 filing range. Underwriters included Goldman, Sachs & Co., Hambrecht & Quist and Thomas Weisel Partners L.L.C. There were […]
BOCA RATON, Fla. – From e-commerce start-ups to launching a venture fund – there will certainly be no dearth of celebratory stogies lying around when one of International Internet Inc.’s portfolio companies hits it big. International Internet, a developer and operator of e-commerce and offline, direct marketing companies such as Webhumidor.com Inc., GoldOnline.com Inc., StogiesOnline.com […]