UBID - an IPO spinoff of Creative Computers Message Board

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Technology Stocks : UBID - an IPO spinoff of Creative Computers

UBID 3.000

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Jan 21 4:00 PM EST

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To: Rajiv who wrote (530)	9/29/1999 6:25:00 PM
From: Kip518	Read Replies (1) of 581

September 29, 1999 17:27 uBid Completes Follow-on Stock Offering ELK GROVE VILLAGE, Ill., Sept. 29 /PRNewswire/ -- uBid, Inc. (Nasdaq: UBID), today announced the completion of its follow-on stock offering of 2.3 million shares of its common stock (including 300,000 shares for the underwriters' over-allotment). All of the shares were sold by the company, with net proceeds to the company of $48.9 million before offering related expenses. The company plans to use the proceeds of the offering for general corporate purposes, including increased sales and marketing expenditures, working capital, capital expenditures, investments in systems and infrastructure, and potential acquisitions.

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