AccelGraphics, Inc. announces initial public offering.SAN JOSE, Calif.--(BUSINESS WIRE)--April 11, 1997--AccelGraphics, Inc. announced today the initial public offering and trading of 2,600,000 shares of its common stock on the 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 National Market at a price of $9.00 per share. Of the total, 2,145,000 shares were offered by the Company and 455,000 shares were offered by selling stockholders. Cowen & Company lead-managed the underwriting group, and Robertson, Stephens & Company and SoundView Financial Group served as co-managers. 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). to the Company from the offering will be used for the repayment of certain indebtedness, working capital, capital expenditures, research and development and potential acquisitions of businesses and technologies. AccelGraphics, Inc., headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , is a leading provider of high-performance, cost-effective, 3-dimensional graphics subsystems, software accelerators and application utility software products for the professional Windows(R) NT and Windows(R) 95 markets. The NASDAQ symbol is ACCL ACCL American Canadian Caribbean Line ACCL Acceleration ACCL American College of Construction Lawyers ACCL Accreditation Council for Clinical Lipidology (Allied Health Certification Program) ACCL Amway China Co Limited . A copy of the prospectus relating to the offering may be obtained from Cowen & Company, One Financial Square, New York, New York 10005; Robertson, Stephens & Company LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , 555 California Street, Suite 2600, San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] 94104; or SoundView Financial Group, Inc., 22 Gatehouse Road, Stamford, CT 06902. -0- Note to Editors: AccelGraphics is a registered trademark of AccelGraphics, Inc. All other trademarks are registered to their respective owners. CONTACT: Tsantes & Associates Christian Bateman, 408/452-8700 chris@tsantes.com or AccelGraphics (Investor contact) Nancy E. Bush, 408/467-5013 |
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