First Virtual Holdings Inc, San Diego developer of the VirtualPIN architecture to secure Internet commerce and other forms of interactive Internet communications, got its initial public offering of 2 million shares, all new, away at $9 a share. The underwriters for the issue were Bear, Stearns & Co Inc, Cowen & Co, Lehman Brothers and […]
First Virtual Holdings Inc, San Diego developer of the VirtualPIN architecture to secure Internet commerce and other forms of interactive Internet communications, got its initial public offering of 2 million shares, all new, away at $9 a share. The underwriters for the issue were Bear, Stearns & Co Inc, Cowen & Co, Lehman Brothers and Unterberg Harris.
Radiant Systems Inc, Alpharetta, Georgia provider of enterprise- wide systems to a range of vertical markets with the retail industry, has filed to go public with an initial public offering of 2.95 million shares, 2.5 of them new, at a target price of $10 to $12 a share. It wants the $23m or so net proceeds to repay debt, buy in some of its existing shares (odd, that) and for working capital. Lead underwriter for the issue is Alex Brown & Sons Inc.
Versatility Inc, Fairfax, Virginia provider of client-server customer interaction software to enable businesses to automate and enhance their telemarketing and telesales capabilities, got its initial public offering of 2.2 million shares away at the $15 top end of its $13 to $15 target range. Lead underwriter for the issue was Merrill Lynch & Co.
Baan Co NV, Ede, Netherlands developer of a business administration suite, is raising $175m before expenses with an issue of 4.5% convertible subordinated notes due 2001. The notes are convertible into common shares of Baan at $44 per share. Baan wants the cash for further international expansion and a higher level of research and development activity, and some proceeds might be used to acquire complementary businesses, products or technologies. No managers were named for the offering.
Belgacom NV, the Belgian phone company, came to the London bond market to raise the equivalent of $90m with a 10,000m Yen issue of multi-currency senior, unsecured and unsubordinated bonds due 2026. At the option of the issuer, the dividends are payable in Australian dollars at 6.07%, marks at 5.67%m or US dollars at 5.87%. Joint lead managers were Yamaici International and Sanwa International.
Eidos Plc got its offer of 3 million ordinary shares in the form of American Depositary Shares or ordinary shares, away $12.125 or 732 cents per ordinary share. Proceeds from the offering will be used for acquisitions internal product development and for working capital. Manager is J P Morgan & Co Inc.