BOSTON – The Pioneer Group Inc.’s venture arm in mid-March spun out and formed its own firm, Ascent Venture Management Inc., and at the same time Pioneer sold its interests in three of its venture subsidiary’s funds to Landmark Partners Inc. Ascent will continue to manage the three funds raised under Pioneer’s umbrella – Pioneer […]
PARIS – Newly-created Viventures Partners held a second close in late March on its first multinational $100 million-targeted vehicle, Viventures. Launched in September, the fund held a first close in November on FFr 515 million ($85 million) and is capped at $115 million. Some $14 million already is invested, and a final close is expected […]
When Hans Severiens, a retired venture capitalist and angel investor, established San Francisco’s Band of Angels in late 1994, he believed he was embarking on a part-time project. He soon realized, however, that running an investment club like the Band, now regarded as the industry’s premier angel network, was an expensive, full-time endeavor – which […]
CAMBRIDGE, Mass. – RoweCom Inc., a software developer that facilitates the online purchase and subscription of various print publications, held an initial public offering March 8, offering 3.1 million shares at $16 each. The stock priced at the high end of the company’s $14 to $16 price range. The IPO, underwritten by J.P. Morgan & […]
SUGAR LAND, Texas – Neon Systems Inc., a producer of software that integrates data, transactions and applications from a variety of computer systems, went public March 5, offering 2.7 million shares at $15 apiece, according the company’s Securities and Exchange Commission filing price. The IPO, which left 8 million shares outstanding, was underwritten by Donaldson, […]
NEW YORK – Multex.com Inc., a provider of online investment services, went public March 17, offering 3 million shares of common stock. The stock priced at $14, above the company’s $11 to $13 filing range. BancBoston Robertson Stephens Inc., CIBC Oppenheimer and Dain Rauscher Wessels were lead underwriters, leaving 21 million shares outstanding. There were […]
NEW YORK – Miningco.com Inc., a provider of Internet information services, went public March 24, selling 3 million shares. The stock priced at $25 per share, at the top of the company’s $23 to $25 filing range. The initial public offering was underwritten by Bear, Stearns & Co. Inc., Volpe Brown Whelan & Co., and […]
FORT WORTH, Texas – FlashNet Communications Inc., an Internet service provider, went public March 16, offering 3.1 million shares at $17 a piece. Stocks priced well above the company’s $14 to $15 filing range. The offering, underwritten by BancBoston Robertson Stephens, J.C. Bradford & Co. and EVEREN Securities Inc., left 13 million shares outstanding. Venture […]
SAN FRANCISCO – Critical Path Inc., a provider of e-mail hosting services, went public March 29. The stock priced at $24, well above the $20 to $22 filing range. The company offered 4.5 million shares. Underwriters for the initial public offering, which left 34 million shares outstanding, include BancBoston Robertson Stephens Inc., Hambrecht & Quist, […]
HONOLULU – Cheap Tickets Inc., a retailer of discount airline tickets, went public March 19, offering 3.5 million shares at $15 apiece. The stocks priced within the company’s $14 to $15 filing range. Proceeds from the offering are estimated at $52 million and will be used for general corporate purposes. The initial public offering, which […]