To: PammyLee who wrote (30968 ) 11/20/1999 10:14:00 PM From: Dotty Respond to of 108040
More on IMAN from world finance.com's IPO Corner... IManage IMAN 3.6 million $8-$10 BB Robertson Stephens e-Commerce website management software This firm provides tools to organize web sites, bringing together diverse content such as e-Mail, voice mail, fax, photocopies, and applications. Its primary use is within large organizations with complex projects and is an adjunct to an Enterprise System. The firm's initial niche has concentrated on legal applications. Its strategy is to evolve on a vertical industry basis. Customers include several national law firms and AirTouch Communications, AOL, Schwab, and Wal-Mart. The firm emerged from start up in 2H'97 and is growing at a 252% rate with 1999 revenues forecast in the $19.4 million range. Valuations among IPOs related to this sector have been very strong. Agile Software was offered on 8/20 at $21 and closed at $39.88, up 89.9%. It recently traded at $138.50, up 247% in the aftermarket. BackWeb Technologies was offered on 6/8 at $12 and closed at $19.69, up 64.1%. It recently traded at $38.38, adding 94.9% in the aftermarket. Marimba was offered on 4/30 at $20 and closed at $60.75, up 203.8%. It recently traded at $38, down 37.4% in the aftermarket. TIBCO Software was offered on 7/14 at $15 and closed at $32.38, up 115.9%. It recently traded at $69.81, up another 115.6% in the aftermarket. Viador was offered on 10/26 at $9 and closed at $11.25, up 25%. It recently traded at $21.44, up 90.6% in the aftermarket. Pre-offering demand has been reported as strong. Given the sector's valuations and this firm's impressive start, expect a strong first day (80+%) followed by aftermarket appreciation.