Company Press Release
webMethods Registration Statement Declared Effective
FAIRFAX, Va.--(BUSINESS WIRE)--Feb. 11, 2000--The registration statement for the initial public offering of 4.1 million shares of the common stock of webMethods, Inc. was declared effective yesterday by the Securities and Exchange Commission.
The shares are being offered at a price per share of $35. All of the shares are being sold by the company. In addition, the company has granted to the underwriters an option to purchase up to 615,000 additional shares to cover over-allotments, if any. The company's common stock will be listed on the Nasdaq National Market under the symbol ``WEBM.'
In a private transaction that will close concurrently with the initial public offering, the company is selling an aggregate of 518,135 shares of common stock to The Goldman Sachs Group, Inc., Eastman Chemical Company, Dell USA, L.P. and The Dell Foundation at a price per share of $33.78, the initial public offering price less one-half of the underwriting discount and commission.
The initial public offering is managed by Morgan Stanley Dean Witter and co-managed by Merrill Lynch & Co., Dain Rauscher Wessels and Friedman Billings Ramsey.
Copies of the final prospectus relating to the offering may be obtained from Morgan Stanley & Co. Incorporated, 1585 Broadway, New York, NY 10036, phone 212-761-3000; Merrill Lynch & Co., Attn.: Prospectus Department, WFC North Tower, 250 Vesey Street, New York, NY 10281, phone 212-449-1000; Dain Rauscher Wessels, 60 South 6th Street, Minneapolis, MN 55402, phone 612-371- 2711; and Friedman, Billings, Ramsey & Co., Inc., Attn.: Prospectus Department, 1001 19th Street North, Arlington, VA 22209, phone 703-312-9500.
About webMethods, Inc.
webMethods, Inc. is a leading provider of open solutions for business-to-business e-commerce and integration. As one of the first products to deliver XML-based e-commerce solutions, the webMethods B2B software leverages a variety of open Internet standards to automatically link business processes with those of key partners-without the time or expense of altering existing legacy, proprietary or ERP applications.
Founded in 1996, webMethods is based in Fairfax, Va., with offices nationwide. Investors include Goldman Sachs, the Mayfield Fund, FBR Technology Venture Partners, Dell Corporation, FDX Corporation and KPMG LLP. More than 100 top companies worldwide--ranging from Dell to DHL to Cisco to Dun & Bradstreet--use webMethods B2B. The company's partners include Microsoft, SAP AG, Sterling Commerce, Ariba, KPMG LLP, EDS, Intelisys Electronic Commerce, Clarus, PSDI and MRO.com. Visit the company's Web site at www.webMethods.com.
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Contact:
Media Contacts:
webMethods, Inc.
Jennifer Tansey, 703/460-2554
or
Schwartz Communications
Chantal Yang, 781/684-0770
or
Investor Contacts
webMethods, Inc.
Dave Spille, 703/277-7278
or
Ogilvy Public Relations Worldwide
John D. Lovallo, 212/880-5350 |
