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November 10, 1999 10:46
Jacada Ltd. Announces Underwriters Exercise of Public Offering Overallotment
ATLANTA--(BUSINESS WIRE)--Nov. 10, 1999--Jacada Ltd. (Nasdaq/NM:JCDA) announced today the sale of an additional 675,000 ordinary shares to an underwriting group led by Lehman Brothers, CIBC World Markets and SG Cowen pursuant to the exercise of the underwriters' overallotment option in connection with the Company's recently completed initial public offering. The additional shares increased the offering to 5,175,000 shares, at a public offering price of $11.00 per share.
Jacada develops, markets and supports Internet infrastructure software that enables businesses to leverage their existing host-centric software applications to conduct business over the Web.
Copies of the final prospectus may be obtained from Lehman Brothers at 3 World Financial Center, New York, NY 10285, 212/526-7000; CIBC World Markets at One World Financial Center, 200 Liberty Street, 39th Floor, New York, NY 10281, 212/667-7000; or SG Cowen at 1221 Avenue of the Americas, 14th Floor, New York, NY 10020, 212/278-6000.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these shares in any state or other jurisdiction, in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
CONTACT: Jacada Ltd., Atlanta
Nili Pinhasi, 770/352-1310 Ext. 369
ir@jacada.com
www.jacada.com
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