Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Le coin des francophones -- Ignore unavailable to you. Want to Upgrade?

To: pallmer who wrote (22050)	7/25/2000 12:39:53 PM
From: pallmer	Respond to of 77509

Corvis Corp IPO -2: Offering Amount Remains 27.5M Shrs FFBN SOURCE: SEC S-1/A5 ISSUER: CORVIS CORP. SYMBOL: X.CVS OFFERING: COMMON AMOUNT: 27.5 million shares 33 ACT FILE #: 333-36238 SHELF FILING: N POST EFFECTIVE: N SELLING HOLDER: N UNDERWRITER(S): CS FIRST BOSTON INC ROBERTSON STEPHENS BANC OF AMERICA SECURITIES CHASE H&Q JP MORGAN & CO CIBC WORLD MARKETS WASHINGTON (FFBN)--Corvis Corp. said its underwriters raised the estimated price range on its pending initial public offering to $28 to $30 a share from $13 to $15 a share, according to a form filed with the Securities and Exchange Commission Tuesday. The amount of the offering will remain 27.5 million shares. On May 4, the company filed to offer up to $400 million in common stock but hadn't detailed the terms. The original estimate for the terms of the offering was set on June 16. The offering will constitute 7.98% of the 344.8 million shares outstanding, suggesting a total market capitalization of up to $10.3 billion and total proceeds from the offering of up to $825 million. Those figures don't include any exercise of the overallotment or shares related to outstanding or potential options or warrants. The company plans to use the proceeds for working capital and general purposes. Corvis, based in Columbia, Md., designs, manufactures and markets products that enable a shift in the design of backbone networks by allowing for the transmission, switching and management of communications traffic in the optical domain. The company has applied to list its common stock on the Nasdaq Stock Market under the symbol CORV. -Ingrid Lehrfeld; 202-628-7670; ingrid.lehrfeld@dowjones.com (END) FEDERAL FILINGS-DOW JONES NEWS 07-25-00 12:3207/25/00 12:32 Jul-25-2000 16:32 GMT Symbols: GB;X0CVS GB;NWFX Source FED Federal Filings Categories: I/CMT I/TEL SUB/DJWI N/DJWI SUB/FF N/FF SUB/INI N/INI SUB/STK N/STK M/NND M/TEC P/DPO P/DTE P/DHS GEO/MD R/MD GEO/NME R/NME GEO/US R/US GEO/USE R/USE