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.

Technology Stocks : topjobs.net plc (TJOB) -- Ignore unavailable to you. Want to Upgrade?

To: johnny grosso who wrote (1)	4/28/1999 6:00:00 PM
From: LABMAN	Respond to of 82

Home - Yahoo! - Help [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire ] 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 Help Copyright © 1999 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments? lm