Sequoia Software Corp. (SQSW) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Sequoia Software Corp. (SQSW)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: astyanax who wrote (8)	4/19/2000 6:30:00 PM
From: Glenn Petersen	Read Replies (1) of 102

The S-1 does not mention specific competitors and I am afraid that I don't know enough about their product to comment intelligently (not that I have been stopped by that deficiency in other postings on other topics). Brutal market: biz.yahoo.com Wednesday April 19, 4:24 pm Eastern Time Sequoia Software IPO price falls again, $8-$10/shr WASHINGTON, April 19 (Reuters) - Sequoia Software Corp. said on Wednesday that the projected price range for its initial public offering of 4.2 million shares has been lowered for the second time, to $8-$10 a share from $9-$11 per share. The company, whose flagship product is portal software that sales representatives can use to keep better informed about their customers, disclosed the lower range in an amended prospectus filed with the Securities and Exchange Commission. On April 14, the Columbia, Md.-based company revealed that the price range had been lowered to $9-$11 per share from $11-$13 initially set on March 23. Sequoia Software now expects to net $33.7 million from the IPO based on the new terms and will use the funds for sales and marketing expenses, research and development, capital spending and general and administrative expenses. With 27.1 million shares to be outstanding after the offering, the company will have an initial market capitalisation of approximately $243.9 million based on a $9 per share initial price, the midpoint of the new range. It will seek to list its shares on Nasdaq under the symbol ``SQSW' (NasdaqNM:SQSW - news).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next