GOAM ... took entry at 16 1/4
Friday April 7, 9:30 am Eastern Time
Company Press Release
Initial Public Offering of 10,000,000 Shares of
GoAmerica, Inc. Common Stock At $16 Per Share
HACKENSACK, N.J.--(BUSINESS WIRE)--April 7, 2000--GoAmerica, Inc.
(NasdaqNM:GOAM) announced today the initial public offering of 10,000,000 shares of its common stock, all of which are being sold by the Company at a price to the public of $16 per share.
The Company has also granted the Underwriters a 30-day option to purchase up to 1,500,000 additional shares of Common Stock solely to cover over-allotments, if any. The Company's Common Stock is listed on the Nasdaq National Market under the symbol GOAM. Bear, Stearns & Co. Inc., Chase H&Q, U.S. Bancorp Piper Jaffray, Wit SoundView and DLJdirect Inc. are managing the offering on behalf of the underwriting group.
Net proceeds to the Company from the sale of Common Stock will be used primarily to expand the Company's sales and
marketing initiatives, expand customer service and support systems and capabilities, acquire and implement new operational and financial systems, increase working capital and for possible future acquisitions.
GoAmerica, Inc. is a nationwide wireless Internet services provider that enables its individual and business subscribers to access remotely the Internet, email and corporate intranets in real time through a wide variety of mobile computing and communications devices. A copy of the prospectus relating to this offering may be obtained from Bear, Stearns & Co. Inc, 245
Park Avenue, New York, New York 10167, 212-272-2000. Co-managers of the offering are Chase H&Q, 270 Park
Avenue, New York, NY 10017, 212-270-6000; U.S. Bancorp Piper Jaffray, 222 South Ninth Street, Minneapolis, MN
55402, 612-342-6000; Wit SoundView, 826 Broadway, 6th Floor, New York, NY 10003, 212-253-4400; and DLJdirect, Harborside Financial Center, 501 Plaza II, Jersey City, NJ 07311, 201-308-2525. |
