UAXS - Universal Access Message Board

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Technology Stocks : UAXS - Universal Access

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To: westpacific who wrote ()	1/28/2000 6:14:00 PM
From: westpacific	Read Replies (2) of 7

Universal Access seeks $115 mln IPO WASHINGTON, Dec 17 (Reuters) - Universal Access Inc., a communications company, filed with federal regulators on Friday to raise as much as $115 million in an initial public offering. The Chicago-based company said it is a web-enabled business to business intermediary that facilitates the provisioning, installation and servicing of dedicated point-to-point communications links for service providers who buy network capacity and transport suppliers who sell network capacity. Universal Access, which has applied to sell its shares on Nasdaq under the symbol (NasdaqSC:UAXS - news) said it plans to use the proceeds from the IPO for general corporate purposes, including working capital, capital spending and possible acquisitions. The underwriters include Goldman, Sachs & Co., Hambrecht & Quist and Robertson Stephens.

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