Just found the LIOX company press release anouncing the IPO:
The original offering was for 4M at $12 - $14. They reduced the shares to 3.5M and the offering to $10
clearstation.com
Friday August 20, 11:15 AM Eastern time
Company Press Release
SOURCE:Lionbridge Technologies, Inc.
Lionbridge Technologies Announces Initial
Public Offering of 3,500,000 Shares of
Common Stock at $10.00 Per Share
WALTHAM, Mass., Aug. 20 /PRNewswire/ -- Lionbridge
Technologies, Inc. (Nasdaq: LIOX) announced today the pricing of an initial public offering of 3,500,000 shares of its common stock, all of which are being issued and sold by the Company, at 10.00 per share. The common stock will trade on the Nasdaq National Market under the symbol "LIOX".
Prudential Securities acted as lead manager of the offering and U.S.
Bancorp Piper Jaffray and Adams, Harkness & Hill, Inc. acted as
co-managers.
Lionbridge is a provider of globalization services to technology companies worldwide. Lionbridge's software, test, Web, and linguistic engineering groups create and maintain multilingual versions of its clients' software and hardware, as well as Web-based technical support, training materials, and sales and marketing information for worldwide release via traditional means and the Internet.
In connection with the pricing of this offering, Lionbridge and the underwriters agreed to decrease the proposed range for the initial public offering price of shares of Lionbridge's common stock from between 12.00 and 14.00, to 10.00, and to decrease the number of shares offered by the Company from 4,000,000 shares (4,206,666 shares including the underwriters' overallotment option) to 3,500,000 shares (3,631,666 shares including the underwriters' overallotment option).
In addition, in connection with the pricing of this offering, limited partnerships sponsored by Advent International and Morgan Stanley have expressed an interest in purchasing up to 7,280,000 of shares in the offering, and Capital Resource Lenders and limited partnerships sponsored by Morgan Stanley have agreed to defer repayment of 6 million, or 50, of the subordinated notes they hold for 24 months.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
A copy of the final prospectus may be obtained from the offices of Prudential Securities, 111 8th Avenue, New York, NY 10011 U.S. Bancorp Piper Jaffray Inc., 222 South Ninth Street, Minneapolis, MN 55402 or Adams, Harkness & Hill, Inc., 60 State Street, Boston, MA 02109.
Contact:
Steve Lifshatz, Chief Financial Officer, 781-890-6612,
steve_lifshatz@lionbridge.com
, or Cathy Maloney, Director of Corporate
Communications, 781-890-3808,
cathy_maloney@lionbridge.com
, both of Lionbridge
Technologies
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