AvantGo Announces Initial Public Offering At $12 Per Share:
NEW YORK CITY, Sep 27, 2000 (BUSINESS WIRE) -- AvantGo, Inc. (Nasdaq: AVGO chart, msgs) announced today the initial public offering of 5,500,000 shares of common stock at a price of $12 per share.
The shares are being offered through an underwriting syndicate led by Credit Suisse First Boston Corporation, Merrill Lynch & Co. and CIBC World Markets. AvantGo has granted the underwriters an option to purchase up to 825,000 additional shares of common stock to cover over-allotments, if any. All of the shares are being offered by AvantGo. A copy of the prospectus may be obtained from Credit Suisse First Boston Corporation, Eleven Madison Avenue, Attn: Prospectus Dept., New York, NY 10010-3629.
About AvantGo, Inc.
AvantGo provides mobile infrastructure software and services that extend the Internet and corporate applications beyond the desktop to handheld devices and Internet-enabled phones. AvantGo Enterprise software products enable access to business information and applications from mobile devices to accelerate information flow between companies and their mobile employees, customers, suppliers and business partners. The AvantGo Mobile Internet service enables content providers and e-businesses to extend their user reach, foster repeat use and increase consumer loyalty. The AMI service provides consumers with interactive and personalized Internet content and Web-based applications on mobile devices from over 600 content sources. For more information, please visit the company's Web site at avantgo.com or call 650/638-3399.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. |
