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Technology Stocks : TIBCO Software Inc - ( Nasdaq - TIBX )

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To: Brad Rogers who wrote (2)	6/18/1999 8:44:00 PM
From: Mohan Marette	of 289

TIBCO sets IPO at 7.3 mln common shares WASHINGTON, June 18 (Reuters) - TIBCO Software Inc., whose products allow computer applications to communicate efficiently over the Internet, said Friday it would offer up to 7.3 million common shares in its initial public offering. In an amended filing with the U.S. Securities and Exchange Commission, the Palo Alto, Calif.-based company estimated the initial stock price would be between $9 and $11 per share. In its previous filing, the company did not disclose the amount of stock to be offered nor the estimated initial price range. The company is majority-owned by Reuters Group Plc (quote from Yahoo! UK & Ireland: RTR.L) (Nasdaq:RTRSY - news), the global news and information company headquartered in London. TIBCO has applied to list the shares on the Nasdaq stock market under the symbol ''TIBX.'' Reuters said it would not receive any proceeds from the offering and would remain the largest single shareholder in the company after the IPO. The offering will be made through Goldman Sachs & Co., Bear Stearns & Co. Inc. and Deutsche Banc Alex. Brown. After the offering, the company will have a total of 57,981,852 outstanding common shares. The company will use net proceeds for general corporate purposes, including working capital and capital expenditures, and for potential investments in and acquisitions of complementary technologies.

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