VeriSign Completes Follow-On Public Offering
February 1, 1999 09:04 AM
MOUNTAIN VIEW, Calif., Feb. 1 /PRNewswire/ -- VeriSign, Inc. VRSN announced today that it completed a public offering on January 29, 1999 of 3,162,500 shares of its common stock at a price of $80.50 per share. Of these shares, 1,565,000 were sold by stockholders of the Company and 1,597,500, including 412,500 to cover over-allotments, were sold by the Company. The Company did not receive any proceeds from the sale of shares by the selling stockholders.
Morgan Stanley Dean Witter acted as the lead manager of the underwriting group with Hambrecht & Quist LLC, Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, and BancBoston Robertson Stephens serving as co- managers. A prospectus relating to the offering may be obtained from Morgan Stanley Dean Witter, 1585 Broadway, New York, NY 10036; Hambrecht & Quist LLC, One Bush Street, San Francisco, California 94104; Dain Rauscher Wessels, 601 Second Avenue South, Minneapolis, Minnesota 55402; and BancBoston Robertson Stephens Inc., 555 California Street, San Francisco, California 94104.
Verisign, Inc.
VeriSign, Inc. is the leading provider of Internet-based trust services and digital certificate solutions needed by websites, enterprises, electronic commerce service providers and individuals to conduct trusted and secure electronic commerce and communications over IP networks. VeriSign's Digital Certificate services for websites and individuals are available through the Company's Web site. The Company's Digital Certificate services for enterprises and electronic commerce service providers are available through regional account representatives, resellers, and global affiliates. VeriSign is a registered trademark exclusively licensed to VeriSign, Inc.
VeriSign is a registered trademark exclusively licensed to VeriSign, Inc. SOURCE VeriSign, Inc.
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