GBLX:
To: Teddy who wrote (5077)
From: FezKoprucu Friday, Mar 31, 2000 7:28 AM ET
Reply # of 5301
This makes two IPO's this summer, the other is Global Center. Add to that the completion of a few Crossings, including the Irish Ring, and it looks like pre-summer we'll see the GBLX rocket take off.
Fez
_____________________________
Friday March 31, 5:37 am Eastern Time
Company Press Release
Asia Global Crossing To Make Initial Public Offering of Common Stock
HAMILTON, Bermuda--(BUSINESS WIRE)--March 31, 2000--Asia Global Crossing today announced its intention to make an initial public offering of shares of its common stock and to file a registration statement under the U.S. Securities Act of 1933, as amended, in respect of the proposed offering.
Asia Global Crossing is a joint venture among Global Crossing (Nasdaq:GBLX - news), Softbank (Tokyo Stock Exchange:9984), and Microsoft (Nasdaq:MSFT - news).
Asia Global Crossing intends to use the net proceeds from the offering primarily to make additional capital investments in its operations and for general corporate purposes.
Asia Global Crossing anticipates that the offering will be completed this summer, subject to market conditions.
The offering will be made only by means of a prospectus contained in such registration statement as filed with the U.S. Securities and Exchange Commission. |
