Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: amadeus who wrote (1208)	4/8/1999 7:38:00 AM
From: Kimberly Lee	Read Replies (1) of 108040

Today's IPO in the spotlight, VUSA. CNBC just gave it a pluck, charaterizing it as today's powerhouse. [B] IPO PRICING ALERT: Value America prices 5.5 mln shrs at $23 each By Bridge News New York--April 7 Company name: Value America Inc. Industry: Internet retailer offering consumer, office and technology products. Location: Charlottesville, Virginia Chairman: Craig A. Winn, (804) 817-7700 Lead underwriter: BancBoston Robertson Stephens, (415) 989-8500 Co-managers: Volpe Brown Whelan & Co.; Robinson-Humphrey Co. Symbol: VUSA Primary Exchange: NASDAQ FILING TERMS: PRICING TERMS: Date: January 21, 1999 April 7, 1999 Number of Shares: 5 million 5.5 million Value of Deal: $80 million $126.5 million Price per share: $20 to $22 $23 Shares outstanding after offer: 42.9 million Use of proceeds: For general corporate purposes, including working capital, advertisement and promotion, development of system enhancements, expansion of facilities and potential acquisitions of complimentary businesses and technologies. NOTES: The price range was hiked from $15 to $17. The over-allotment option is 750,000 shares. End Tel: (212) 372-7569 Send comments to Internet address: equity@bridge.com News stories on this company from Bridge News Media://NewsSearch::/Source=mar/Symbol=US;vusa/go/newest/Search News stories from all vendors Media://NewsSearch::/Symbol=US;vusa/go/Search End Bridge News, Tel: (212) 372-7571 Send comments to Internet address: equity@bridge.com [symbols:US;VUSA] Apr-07-1999 16:28 GMT Symbols: US;VUSA Source [B] BridgeNews Global Markets Categories: R/US I/SOF S/NET S/IPO CAP/STOCKS CAP/INDEX MR/NEWS

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