Ariba Technologies (Nasdaq-ARBA) Message Board

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Technology Stocks : Ariba Technologies (Nasdaq-ARBA)

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To: soylent who wrote (58)	6/22/1999 6:32:00 AM
From: stockman_scott	Read Replies (1) of 2110

FYI...<<Ariba raises IPO stock offer, price range WASHINGTON, June 21 (Reuters) - Ariba Inc., a provider of intranet and internet-based business-to-business electronic commerce software, said Monday it raised the number of shares it would offer to the public for the first time to five million common from four million common previously. In an amended initial public offering filed with the Securities and Exchange Commission, the Sunnyvale, Calif.,-based company raised the estimated initial price range to $20-$22 per share from $16-$18 per share. The stock has been approved for trade on Nasdaq under the stock symbol (Nasdaq:ARBA - news) and is expected to beging trading on Tuesday. The offering will be made through Morgan Stanley Dean Witter, Dain Rauscher Wessels, Deutsche Banc Alex Brown and Merrill Lynch & Co. Internet distribution will be made through Discover Brokerage Direct and E*Trade Securities. Net proceeds will be used for working capital and general corporate purposes.>> ------------------------------------------------------------------- Unfortunately I didn't get into this IPO but it is a stock I want to own for the LONG TERM. Looks like I'll be buying in the aftermarket -- at some extremely reasonable price <G>..!! Best Regards, Scott

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