To: TokyoMex who wrote (939 ) 7/24/1998 2:43:00 PM From: STEAMROLLER Read Replies (1) | Respond to of 119973
how did we miss this? BindView Development Corporation Commences Initial Public Offering of Common Stock PR Newswire - July 24, 1998 14:17 Jump to first matched term HOUSTON, July 24 /PRNewswire/ -- BindView Development Corporation (Nasdaq: BVEW) announced today that it has commenced an initial public offering of 3,750,000 shares of its Common Stock at an initial public offering price of $10.00 per share. Of the 3,750,000 shares of Common Stock being offered, the Company is selling 2,758,886 shares and Selling Stockholders are selling 991,114 shares. The shares are being offered through underwriters led by BancAmerica Robertson Stephens, BT Alex. Brown Incorporated, and Donaldson, Lufkin & Jenrette Securities Corporation. In addition, the underwriters will have a 30-day option to purchase up to 562,500 additional shares of Common Stock from Selling Stockholders solely to cover over-allotments, if any. The net proceeds of the offering to the Company are currently expected to be used for working capital and general corporate purposes. A registration statement relating to these securities was filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. BindView develops, markets and supports a suite of systems management software products that manage the security and integrity of complex, distributed client/server networks operating on Microsoft Windows NT and Novell NetWare environments. The Company's primary product line, BindView EMS, provides software solutions for systems administration, security management, enterprise inventory of LAN assets, and Year 2000 assessment of PC hardware and software. A copy of the final prospectus may be obtained from the office of BancAmerica Robertson Stephens, 555 California Street, Suite 2600, San Francisco, CA 94104, 415-781-9700; BT Alex. Brown Incorporated, 1 South Street, Baltimore, MD 21202, 410-727-1700; or Donaldson, Lufkin & Jenrette, 277 Park Avenue, New York, NY 10172, 212-892-3000. BindView, BindView Development Corporation, BindView Enterprise Management System, and BindView EMS are trademarks or registered trademarks of BindView Development Corporation. Other trademarks are the property of their respective owners. SOURCE BindView Development Corporation /CONTACT: Scott Plantowsky, Chief Financial Officer of BindView Development Corporation, 713-843-1799, srp@bindview.com/ /Web site: bindview.com (BVEW)