nice move on coms...
kana ipo today, priced @ 15, well above initial range of 11 to 13... 3.3 mil shares... gsco lead underwriter, the strongest ipos come from them imo...
also epny today... csfb
Tuesday September 21, 11:26 pm Eastern Time
Company Press Release
Kana Communications, Inc. Announces Initial Public Offering
PALO ALTO, Calif.--(BUSINESS WIRE)--Sept. 21, 1999--Kana Communications, Inc., www.kana.com, (Nasdaq:KANA - news) today announced the initial public offering of 3,300,000 shares of its common stock at $15 per share on the Nasdaq National Market, under the trading symbol KANA.
All of the shares were offered by the Company. The Company has granted the underwriters an option to purchase an additional 495,000 shares of its common stock to cover sales in excess of such 3,300,000 shares, if any. The managing underwriters of the offering are Goldman, Sachs & Co., acting as lead manager, and Hambrecht & Quist LLC and Wit Capital Corporation, acting as co-managers.
Kana develops, markets and supports customer communication software products and services for e-businesses -- companies that leverage the Internet to enhance their competitive market position. Kana's products and services allow these companies to manage high volumes of inbound and outbound e-mail and Website-based communications, while facilitating the delivery of specific and personalized information to each customer.
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 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. The offer is made only by the prospectus, a copy of which may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, 212/902-1000, or Hambrecht & Quist LLC, One Bush Street, San Francisco, CA 94104 415/439-3000.
Note to Editors: Kana Communications, Kana CMS, Kana and the Kana logo are trademarks of Kana Communications. All other company and/or product names are either trademarks or registered trademarks of their respective companies.
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Contact:
Kana Communications, Inc.
Daphne Alden, 650/566-2549
daphne@kana.com
or
Evans Partners for Kana Communications, Inc.
Angelique Faul, 650/595-8757
afaul@evanspartners.com
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