CUPERTINO, Calif. – AdForce Inc., an online ad management and delivery service company, held an initial public offering May 7. The company offered 4.5 million shares of common stock at $15 apiece, above the $10 to $12 filing range. Hummer Winblad Venture Partners, 360 Capital Partners L.P., 21st Century Internet Venture Partners and Convergence Partners […]
SAN DIEGO – COMPS.COM Inc., an online and offline commercial real estate service, went public May 5. The company offered 4.5 million shares at $15 apiece, above the company’s $11 to $13 filing range. Underwriters included Volpe Brown Whelan & Co., EVEREN Securities Inc. and Needham & Co. Inc. There were no selling shareholders. Summit […]
PALO ALTO, Calif. – Copper Mountain Networks Inc., a developer of products for the communications industry, went public May 12, offering 4 million shares of common stock. The stock priced at $21, well above the $16 to $18 filing range. Greylock Management Corp., Sutter Hill Ventures, Matrix Partners, InterWest Partners, Canaan Partners, Technology Crossover Ventures […]
RESTON, Va. – CareerBuilder Inc., an online job recruitment and search service, went public May 11, offering 4.5 million at $13 apiece, the top of the company’s $12 to $13 filing range. Underwriters included Credit Suisse First Boston, BancBoston Robertson Stephens, Hambrecht & Quist and Friedman Billings Ramsey. New Enterprise Associates, 21st Century Internet Venture […]
With limited partners clamoring to enter reputable venture funds and oversubscribed vehicles becoming the norm even as venture capitalists raise colossal pools of money, it might seem silly to ask whether venture capital investing is worthwhile. Investors in venture partnerships, however, have to consider the question, given the industry’s long-term commitments, its illiquidity and the […]
WAYNE, Pa. – EnerTech Capital Partners L.P. invests in a broad range of utility companies, including electricity, water, natural gas, telephony, Internet access and wireless and broadband communications. EnerTech Capital was formed in 1996 by Mark DeNino, managing director of TL Ventures, and Scott Ungerer, former president and chief executive officer of Atlantic Energy Enterprises, […]
The guest list reads like a ” Who’s Who” of the venture capital and high-tech world: Microsoft Corp., Yahoo! Inc., America Online Inc., Sun Microsystems Inc., Kleiner Perkins Caufield & Byers and Institutional Venture Partners, as well as representatives from Nasdaq, Morgan Stanley Dean Witter and Goldman, Sachs & Co. And while it is still […]
SAN FRANCISCO – Flycast Communications Corp., a provider of Internet-based advertising solutions, went public May 4, offering 3 million shares at $25 per share. BT Alex. Brown, Dain Rauscher Wessels and Hambrecht & Quist underwrote the initial public offering, which left 14.1 million shares outstanding. Venture backers include Bessemer Venture Partners, Charles River Partnership, Intelligent […]
ARDMORE, Pa. – David’s Bridal Inc., a retailer of wedding gowns and formal wear for women and girls, held an initial public offering May 21. The company offered 8 million shares of common stock at $13 apiece, pricing below the company’s $14.50 to $16.50 filing range. Monitor Clipper Partners Inc. was a venture backer and […]
RESEARCH TRIANGLE PARK, N.C. – Southeast Venture Partners, a backer of information technology companies, held a $35 million final close in April on its Southeast Information Technology Fund II L.L.C., and already committed half of the vehicle, Managing Director David Blivin said. Southeast invests in early-stage telecommunications, enterprise management, Internet infrastructure, bandwidth enablement and e-commerce […]