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Wednesday April 28, 9:50 am Eastern Time
Company Press Release
SOURCE: topjobs.net plc
topjobs.net plc Announces $40 Million
Initial Public Offering
NEW YORK, April 28 /PRNewswire/ -- topjobs.net plc (Nasdaq: TJOB - news) today
announced the completion of their Initial Public Offering of 3.3 million American Depositary Shares
(ADS). The offering was priced by underwriters at $12 per ADS, the high end of its $10 to $12
initial filing price range. topjobs.net plc also announced that it increased the number of ADS's issued
in its IPO by 550,000 from the 2.75 million ADS's indicated in its preliminary prospectus.
topjobs.net is the leading Web site for Internet recruitment advertising in the United
Kingdom, and is a leading Web site for recruitment advertising in Ireland and Switzerland. The
Company provides a wide range of branded Internet recruitment services to over 250 corporate
clients and recruitment firms. The Company's products and recruitment solutions are designed to
enhance its customers' ability to attract and screen qualified Management, Professional and
Technical (MPT) personnel.
Customers using Top Jobs on the Net can efficiently design, modify and monitor their own branded
recruitment advertising campaigns. Prices for Top Jobs on the Net range from approximately $5,000
to $100,000 for an annual presence. Its higher value contracts include TV advertising. As part of its
sales strategy, the Company seeks to provide its services to large multinational companies through
premium-priced longer-term contracts. The Company's current customers include Dell Computer
Corporation, Fidelity Investments, Fujitsu, KPMG, Intel Corporation, Microsoft, Prudential,
Samsung, Siemens and Sony.
Established in March 1996, topjobs.net plc is the Warrington, England- based parent company of
the Top Jobs on the Net group, with offices in the UK, Ireland, Switzerland, Poland, Australia,
Thailand and the US. The Company owns a number of domain names, including
www.topjobs.co.uk, www.topjobs.com, www.topjobs.ie, www.topjobs.ch, www.topjobs.co.th,
www.topjobs.com.au, and www.topjobs.pl.
Prior to the IPO, 80% of the issued share capital of topjobs.net plc was owned by UK venture
capitalist Kevin R. Leech, who acquired his stake in June 1997 and has since privately funded the
Company. Leech is the Chairman of the Board of Directors and is currently Executive Chairman of
both ML Laboratories plc and Queensborough Holdings plc, two companies listed on the London
Stock Exchange.
The Company said it would apply the proceeds of the IPO to retire its $2.3 million of bank
indebtedness and to general corporate purposes, including marketing, expanding international
operations, and financing acquisitions and strategic ventures. topjobs.net plc's IPO was
lead-managed by Ladenburg Thalmann & Co. Inc.
SOURCE: topjobs.net plc
More Quotes and News:
TOPJOBS.NET (Nasdaq:TJOB - news)
Related News Categories: computers, internet
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