SciQuest.com, Inc., Announces Filing For Initial Public Offering
Monday September 20, 7:33 pm Eastern Time
Company Press Release
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Sept. 20, 1999--
SciQuest.com(TM), Inc., announced that it has filed a registration statement with the
Securities and Exchange Commission for an initial public offering of its common stock. The
Company is registering common stock at a proposed maximum aggregate offering price of
$90,000,000.
The Company intends to use the proceeds of the offering to expand its business through additional marketing, technology and
online content and for general corporate purposes, including working capital.
Donaldson, Lufkin & Jenrette Securities Corporation, Deutsche Banc Alex.Brown, Hambrecht & Quist LLC, DLJdirect Inc.
and E-OFFERING Corp. are the managing underwriters of the offering. The Company has agreed to grant to the underwriters
an option to purchase additional shares for the purpose of covering over-allotments, if any. All shares will be sold by the
Company by means of a prospectus. Copies of the preliminary prospectus may be obtained when available from the managing
underwriters.
SciQuest.com, Inc. is a leading Web-based, interactive marketplace for scientific and laboratory products used by
pharmaceutical, clinical, biotechnology, chemical, industrial and educational organizations worldwide.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration
statement becomes effective. 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.
Contact:
SciQuest.com, Inc.
James J. Scheuer, 919/659-2100
jscheuer@sciquest.com
Related News Categories: biotech, chemicals, computers, education, internet, medical/pharmaceutical
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