Mark, I missed this one. Even if I had been following Cysa I wouldn't have bought it today.
This is a good sign for you bulls.
>>
NEW YORK, Oct 15 (Reuters) - Software engineering firm Cysive Inc. <CYSV.O> said on Friday its initial public offering of 3.35 million shares had been priced at $17 per share, above the expected $14-$16 range announced on Thursday.
The Reston, Va.-based company is to offer 3 million shares, and a Cysive director, Eric Magleby, plans to sell 350,000.
Cysive has said it plans to use its proceeds for capital spending, sales and marketing, expansion, working capital and other purposes.
The underwriters, Thomas Weisel Partners, First Union Securities Inc. and Friedman Billings Ramsey, have the option to buy 502,500 more shares in case of heavy demand.
Cysive helps companies build Internet sites to sell their goods. It plans to trade its shares on Nasdaq under the symbol "CYSV."
08:01 10-15-99<<
>>CYSIVE INC COM(CYSV)
Bid: 36 5/8 BidSize: 2 Open: 30 3/4
Ask: 36 13/16 AskSize: 1 Close: 17
Last: 36 5/8 High: 37 3/4 Div.: 0.00
Change: +19 5/8 Low: 30 3/4 Yield: 0.00
A.High: 0 P/E: 0.00 Volume: 2399800
A.Low: 0 EPS: 0.00 Market :NASDAQ NM
Tick: Up<< |
