Vignette Corporation Prices Initial Public Offering
AUSTIN, Texas, Feb. 18 /PRNewswire/ -- Vignette Corporation (''Vignette'' or the ''Company'') (Nasdaq: VIGN - news) today announced that it has priced an initial public offering of 4,000,000 shares of common stock, including 320,000 shares of common stock to be sold by certain selling stockholders. The initial public offering price is $19.00 per share. The offering is being managed by Morgan Stanley Dean Witter, Hambrecht & Quist and Dain Rauscher Wessels (the ''Underwriters''). The Underwriters have an option to purchase up to 600,000 additional shares from the Company for the purpose of covering overallotments, if any.
Copies of the prospectus relating to the offering may be obtained from Morgan Stanley Dean Witter, 1585 Broadway, New York, NY 10036, Hambrecht & Quist, One Bush Street, San Francisco, CA 94104, and Dain Rauscher Wessels, 3280 Alpine Road, Portola Valley, CA 94028.
About Vignette
Vignette Corporation, a leader in the category of Internet Relationship Management software products and services, provides enterprise solutions for companies that are building businesses online. Vignette's products and services, which include StoryServer 4(TM) and its recently announced Vignette Syndication Server(TM) (VSS), are designed to allow businesses to use the Web as a new channel for customer acquisition and retention. More than 190 companies, including National Semiconductor, PNC Bank, Bay Networks, CNET and Ziff-Davis' ZDNet, use StoryServer to serve a combined 30 million page views per day. Vignette's numerous industry awards include the Red Herring Magazine's Best Overall Private Company in 1998, 1998 Best Product Award for StoryServer; Upside Magazine's Hot Private Company in the Net Infrastructure Category; and the NewMedia Magazine 500, Hottest Companies in Digital Media Award. Vignette partners with 20 leading vendors in advertising management, electronic commerce and personalization to provide comprehensive solutions for its customers. Headquartered in Austin, Texas, Vignette Corporation also has offices located throughout Europe and in Australia and can be found on the World Wide Web at vignette.com. |
