ANSYS Inc. completes initial public offering.HOUSTON, Pa.--(BUSINESS WIRE)--June 20, 1996--ANSYS Inc. (NNM NNM Network Node Manager NNM NASDAQ National Market (financial) NNM National Nutrition Month (March; American Dietetic Association) NNM Naryan-Mar (Russia) NNM Net New Money : ANSS ANSS Advanced National Seismic System (USGS) ANSS American Nature Study Society ) announced today that the company successfully completed its initial public offering of 3,550,000 shares of common stock at $13.00 per share. Of the shares offered, 3,500,000 were sold by the company and the 50,000 outstanding shares were sold by selling stockholders. The offering was managed by Alex. Brown & Sons Inc., Cowen & Co., Wessels, Arnold & Henderson, and Parker/Hunter Inc. ANSYS ANSYS Analysis System Inc. is a leading international supplier of analysis and engineering software for optimizing the design of new products. ANSYS Inc. is committed to providing the most open and flexible analysis solution to suit customer requirements for engineering software in today's competitive marketplace. In addition, the company partners with the leading design software suppliers to develop state-of-the-art CAD CAD: see computer-aided design. (Computer-Aided Design) Using computers to design products. CAD systems are high-speed workstations or desktop computers with CAD software. integrated products. A global network of ANSYS Support Distributors provides sales, support and training for customers. This press release shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any sale of these 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: ANSYS Inc., Houston John Sherbin II, 412/873-3111 |
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