 |
 | |
 |  |
| 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. |
Friday February 12, 11:57 am Eastern Time Company Press Release Bottomline Technologies de, Inc. Commences Initial Public Offering of Common Stock PORTSMOUTH, N.H.--(BUSINESS WIRE)--Feb. 12, 1999--Bottomline Technologies (de), Inc. (Nasdaq NNM:EPAY - news) announced today that the initial public offering of 3,400,000 shares of its Common Stock has commenced at an initial public offering price of $13 per share. The shares are being offered through underwriters led by BancBoston Robertson Stephens Inc., BT Alex. Brown Incorporated and CIBC Oppenheimer Corp. The underwriters will have a 30-day option to purchase up to 510,000 additional shares of Common Stock from the Company solely to cover over-allotments, if any. Bottomline is a leading provider of software used to make and manage corporate payments. Its products and services enable organizations to transition from the traditional paper check process to electronic payments and to facilitate electronic commerce. Bottomline's products provide Internet capability and run on Windows NT. Bottomline currently has over 2,000 customers representing every major industry sector. Of the 3,400,000 shares of Common Stock being offered for sale, 2,519,466 shares are being sold by the Company and 880,534 shares are being sold by Selling Stockholders. The net proceeds of the offering to the Company are currently expected to be used for continued growth and expansion of its business, product development, potential acquisitions and other general corporate purposes. A copy of the final prospectus may be obtained from the office of BancBoston Robertson Stephens Inc., 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 CIBC Oppenheimer Corp., CIBC Oppenheimer Tower, 1 World Finance Center, New York, NY 10281, (212) 667-7000. -------------------------------------------------------------------------------- Contact: Bottomline Technologies (de), Inc. Rob Eberle, (603) 436-0700 | ||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2025 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |