AltiGen Communications Announces Initial Public Offering.FREMONT, Calif.--(BUSINESS WIRE)--Oct. 4, 1999-- AltiGen Communications, Inc., www.altigen.com (Nasdaq:ATGN ATGN Additive Truncated Gaussian Noise ) today announced the initial public offering of 3.25 million shares of common stock at $10 per share on the Nasdaq National Market, under the trading symbol Trading symbol See: Ticker symbol "ATGN." The company is selling all of the common stock offered. The shares are being sold through an underwriting syndicate Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. underwriting syndicate See syndicate. managed by CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , Dain Rauscher Wessels and FAC/Equities. AltiGen has also granted to the underwriters of the public offering an option to purchase up to 487,500 additional shares of common stock to cover over-allotments, if any. 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. The offer is made only by the prospectus, a copy of which may be obtained from CIBC World Markets, World Financial Center, 200 Liberty 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 10281, Attn: Prospectus Department, (212) 667-7000; Dain Rauscher Wessels, 60 South Sixth Street, Minneapolis, MN 55402, (612) 371-2800; and FAC/Equities, 30 S. Pearl Street, Albany, NY 12207, Attn: Prospectus Department, (518) 447-8500. About AltiGen Communications, Inc. AltiGen designs, manufactures and markets integrated, multifunction telecommunications systems that allow businesses to use data networks, such as the Internet, and the traditional telephone network interchangeably and seamlessly to carry voice and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. . |
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