3Dfx Interactive files for initial public offering of common stock.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--May 29, 1997--3Dfx Interactive ("3Dfx" or the "Company") today announced that the company has filed a Registration Statement with the Securities and Exchange Commission for an initial public offering of 3,000,000 shares of its Common Stock. All the shares to be offered are being sold by 3Dfx. 3Dfx has also granted to the underwriters of the public offering an option to purchase up to an additional 450,000 shares to cover over-allotments, if any. It is currently anticipated that the initial public offering price will be between $9 and $11 per share. The Company will have 12,086,176 shares outstanding after the offering, assuming the underwriters' over-allotment option is not exercised. An underwriting group managed by Robertson, Stephens & Company, Montgomery Securities and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Securities will offer the shares. A preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering may be obtained from Robertson, Stephens & Company at 555 California St., San Francisco, CA 94104; or Montgomery Securities at 600 Montgomery St., San Francisco, CA 94111; or UBS Securities at 299 Park Ave., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10171-0026. 3Dfx plans to use the proceeds of the offering for working capital and other general corporate purposes, including expansion of sales and marketing and research and product development efforts and financing of accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying and inventories, and for capital expenditures. 3Dfx develops high performance, cost-effective 3D media processors, software and related technology that are designed to enable a highly immersive, interactive and realistic 3D experience across the three primary interactive electronic entertainment platforms -- the personal computer, the home game console and the coin-operated arcade system -- as well as location-based entertainment ("LBE LBE - Language-Based Editor ") systems. Current 3Dfx Interactive products include the Voodoo family of accelerator chipsets, Voodoo Graphic(TM) and Voodoo Rush(TM). A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This communication does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. CONTACT: 3DFx Interactive Chris Kramer, 408/935-4322 (Editorial Contact) chrisk@3dfx.com Laura Onopchenko, 408/935-4312 (Investor Relations Investor relations The process by which the corporation communicates with its investors. ) onopchenko@3dfx.com |
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