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goliath.wpine.com wpine.com [here is one to watch :-)] White Pine Software announces initial public offering of 3,000,000 shares of common stock Business Wire - October 11, 1996 11:35 NASHUA, N.H.--(BUSINESS WIRE)--Oct. 11, 1996-- White Pine Software, Inc. (Nasdaq: WPNE) announced today an initial public offering of 3,000,000 shares of its Common Stock at a price of $9 per share. All of the shares are being newly issued by White Pine. White Pine has also granted the underwriters an option to purchase up to an additional 450,000 shares of Common Stock to cover over-allotments, if any. Cowen & Company, Oppenheimer & Co., Inc. and Volpe, Welty & Company are serving as managing underwriters of the offering. White Pine intends to use the net proceeds of the offering for working capital and other general corporate purposes, as well as to repay certain indebtedness. White Pine develops, markets and supports multiplatform desktop connectivity software that facilitates worldwide video and audio communication and data collaboration across the Internet, intranets and other networks that use the Internet Protocol. The Company's desktop videoconferencing software products, Enhanced CU-SeeMe and the White Pine reflector, create a client-server solution that allows users to participate in real-time, multipoint videoconferences over the Internet and intranets. White Pine also offers its eXodus line of desktop X Windows software, which enables seamless interoperability between local and remote environments, and its 5PM line of terminal emulation software, which provides desktop access to data and applications residing on enterprise legacy systems. Copies of the prospectus relating to the offering may be obtained from Cowen & Company, Financial Square, New York, New York 10005-3597, Attention: Prospectus Department (telephone: 212-495-8923); Oppenheimer & Co., Inc., World Financial Center, 200 Liberty Street, New York, New York 10281, Attention: Prospectus Department (telephone: 212-667-7403); and Volpe, Welty & Company, One Maritime Plaza, 11th Floor, San Francisco, California 94111, Attention: Prospectus Department (telephone: 415-956-8120). CONTACT: White Pine Software, Inc. Rick Darer (603) 886-9050 or Elliot May (603) 886-9050 x300 | ||||||||||||||
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