Actuate Announces Initial Public Offering.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--July 17, 1998--Actuate(R) Software Corporation, (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 :ACTU ACTU Australian Council of Trade Unions ACTU AIDS Clinical Trials Unit (Washington University Medical Center, St. Louis, Missouri) ACTU Association of Catholic Trade Unionists ACTU Australian Capital Territory Union ) today announced the initial public offering of 3,000,000 shares of Common Stock on the NASDAQ National Market under the trading symbol Trading symbol See: Ticker symbol ACTU. The initial public offering price for the 2,890,000 shares offered by the Company and 110,000 shares offered by selling stockholders was $11 per share. In addition, the Company and certain of the Company's existing stockholders have granted the underwriters an option to purchase up to an additional 450,000 shares to cover over-allotments, if any. The public offering is being lead-managed by Goldman, Sachs & Co. and co-managed by Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. . Actuate Software Corporation is a leading provider of enterprise reporting solutions that enable organizations to systematically extract, publish and disseminate information across distributed computing environments. The Company develops and markets software products that are designed to allow companies to rapidly design, generate and distribute reports throughout the enterprise, thereby increasing access to and the value of corporate data. Copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. may be obtained from Goldman, Sachs & Co., 85 Broad Street, 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 10004, 212/902-1000, and Credit Suisse First Boston, 11 Madison Avenue, New York, NY 10010-3629, 212/325-2000. 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 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. Note to Editors: Actuate and Report Encyclopedia are registered trademarks of Actuate Software Corporation. Live Report Documents, Live Report Extensions, ReportCast and Virtual Report Distribution are trademarks of Actuate Software Corporation. All other products referenced are trademarks of their respective companies. CONTACT: Actuate Software Corp. Dan Gaudreau, 650/638-2000 dgaudreau@actuate.com or The Horn Group Ben Farrell or Rachel Schey, 415/905-4000 bfarrell@horngroup.com |
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