backround on NTEG, i think it will be big.
6/17/98 - NETGRAVITY, INC: NetGravity announces initial public offering
JUN 17, 1998, M2 Communications - NetGravity, Inc. (Nasdaq:NETG ) commences the initial public offering of 3,000,000 shares of its common stock at a price to the public of $9.00 per share.
In addition, the company and certain stockholders of the company have granted the underwriters an option to purchase an additional 250,000 and 200,000 shares of common stock, respectively, to cover over-allotments, if any.
The underwriters of the offering are BancAmerica Robertson Stephens, NationsBanc Montgomery Securities LLC and FAC/Equities, a division of First Albany Corporation.
NetGravity is the leading provider of software solutions for online advertising and direct marketing. The company develops, markets and supports its mission -critical AdServer family of software products which, together with its full range of professional services and support capabilities, are designed to enhance the effectiveness and efficiency of each constituent in the online advertising and direct marketing supply chain: merchants (vendors of products and services), advertising agencies and content publishers (including advertising networks).
A registration statement relating to these securities was filed with and declared effective by the Securities and Exchange Commission. 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 the registration or qualification under the securities laws of any such State.
A copy of the prospectus relating to these securities may be obtained from BancAmerica Robertson Stephens at 555 California Street, Suite 2600, San Francisco, California 94104, 001-415-781-9700; NationsBanc Montgomery Securities LLC at 600 Montgomery Street, San Francisco, California, 94111, Tel: 001-415-627-2220; or FAC/Equities at 30 S. Pearl Street, 12th Floor, Albany, New York 12207, Tel: 001-518-447-8500.
About NetGravity
NetGravity is the leading provider of online advertising and direct marketing software solutions. NetGravity delivers a range of scalable solutions to manage advertising inventory, dynamically target ads, and reliably measure ad performance for websites and networks. The company"s customer base currently numbers more than 225 worldwide, including many of the most frequently visited websites. NetGravity was founded in 1995 and has headquarters in San Mateo, Calif. For more information, please call 650/655-4777 or visit netgravity.com.
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