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FOSTER CITY, Calif.--(BUSINESS WIRE)--Nov. 4,1999--Webvan Group,
Inc. announced today its initial public offering of 25 million shares
of its common stock at an offering price of $15.00 per share.
Webvan has granted the underwriters an option to purchase an
additional 3.75 million shares to cover over-allotments, if any. All
shares will be sold by the company.
Goldman, Sachs & Co. is acting as managing underwriter for the
offering and Donaldson Lufkin & Jenrette, Merrill Lynch & Co., Bear
Stearns & Co. Inc., Deutsche Banc Alex Brown, Robertson Stephens, and
Thomas Weisel Partners LLC, are acting as co-managing underwriters.
Copies of the prospectus relating to the offering may be obtained from
the prospectus department of Goldman, Sachs & Co., 85 Broad Street,
New York, NY, 10004, 212/902-1171. |
