3,400,000 shares of National Instruments Corp. common stock offered at $14.50 per share.AUSTIN, Texas--(BUSINESS WIRE)--March 14, 1995-- National Instruments National Instruments, or NI (NASDAQ: NATI), is an American company with over 4,000 employees and direct operations in 41 countries founded in 1976 by Dr. James Truchard, Bill Nowlin and Jeff Kodosky. Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NATI NATI National Association of Teen Institutes NATI Newfoundland Association of Technical Industries ) announced Tuesday the initial public offering of 3,400,000 shares of its common stock at a price of $14.50 per share. Of the total, 2,500,000 shares were offered by the company and 900,000 were offered by selling stockholders. The company has granted the underwriters an option to purchase up to 510,000 additional shares to cover over-allotments, if any. The offering is being made by an underwriting group managed by Robertson, Stephens & Co. L.P. and Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering will be used for working capital, general corporate purposes and facilities expansion. National Instruments Corp. is a leading supplier of computer-based instrumentation software and hardware products and solutions for engineers and scientists in a wide range of industries. The company provides flexible, user-friendly application software and modular, multifunction hardware and driver software which can be combined with popular desktop computers and workstations to create "virtual instruments." Copies of the prospectus relating to the offering may be obtained from Robertson, Stephens & Co. L.P., 555 California Street, Suite 2600, San Francisco, Calif., 94104, 415/781-9700, or Lehman Brothers Inc., care of ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , 536 Broad Hollow Road, Melville, N.Y., 11747, 516/254-7106. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. CONTACT: National Instruments Corp. Joel B. Rollins, 512/338-9119 |
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