I begged and begged but all I could get from DLJ was 500 shares.
>>DUBLIN, Calif.--(BUSINESS WIRE)--June 29, 1999--E-LOAN, Inc. (Nasdaq:EELN) announced today the initial public offering of 3,500,000 shares of common stock at an initial public offering price of $14 per share. E-LOAN has granted the underwriters an option to purchase up to 525,000 shares to cover over-allotments. Of the shares being offered, 3,495,000 will be sold by the company and 5,000 will be sold by the Community Foundation of Silicon Valley on behalf of the E-LOAN Foundation, a charitable organization established by E-LOAN.
The common stock will trade on the Nasdaq National Market under the symbol "EELN."
E-LOAN intends to use the proceeds from the offering primarily for working capital and general corporate purposes, including capital expenditures.
Goldman, Sachs & Co. and Donaldson, Lufkin & Jenrett are acting as co-lead managers for the offering and Hambrecht & Quist is acting as a co-manager for the underwriting group, which includes E*Trade and DLJdirect. A copy of the final prospectus related to the offering can be obtained from Goldman, Sachs & Co., 85 Broad St., New York, NY 10004, 212.902.1000; Donaldson, Lufkin & Jenrette, 277 Park Ave, New York, N.Y. 10172, 212.892.3000; or Hambrecht & Quist, One Bush St., San Francisco, CA 94104, 415.439.3000.
E-LOAN, Inc. is a leading online mortgage company. The company offers consumers the ability to search more than 50,000 products from over 70 lenders at substantially lower transaction costs. Borrowers can analyze and compare various products to find the best loan that fits their criteria.
E-LOAN offers customer's 24 hour a day online access to updated information on their loan status through its proprietary E-Track (SM) service. The company is the exclusive mortgage services provider on many leading Internet sites, including Yahoo!, DLJ Direct, E*Trade, CBS MarketWatch and USAToday.com. The company is headquartered in Dublin, California.
A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation or 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. <<
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