Seems like Lehman couldn't have enough...
NEW YORK--(BUSINESS WIRE)--Dec. 1, 1999--deltathree.com, Inc. (Nasdaq: DDDC - news), a global provider of Internet Protocol telephony services announced that it closed its initial public offering of 6,900,000 shares of common stock on November 29, 1999. The total number of shares sold includes a 900,000 share over-allotment option exercised by Lehman Brothers, lead underwriter for the Company.
The Company received net proceeds of $96,255,000 from the offering. deltathree.com intends to use these proceeds to fund marketing and promotional activities, capital expenditures and general corporate purposes.
The shares are quoted on the Nasdaq National Market under the symbol ``DDDC'.
About deltathree.com
deltathree.com is a global provider of IP telephony services and other enhanced, web-based communications services to individuals and businesses worldwide. The Company is a subsidiary of RSL Communications, Ltd. (NASDAQ: RSLC - news). The Company's interactive communications portal, www.deltathree.com, is a single on-line source for the communications needs of users anywhere in the world. By combining user-friendly, web-based access with the advanced functionality of our privately-managed, global IP telephony network, we offer our users a comprehensive solution for IP communications services. Such services currently include: PC-to-phone; D3 Box, a unified messaging service; Click IT, an e-commerce tool; Phone-to-phone; and Global roaming for accessing the deltathree.com network from locations throughout the world. |
