Andover.net Files Registration Statement for Initial Public Offering.ACTON, Mass.--(BUSINESS WIRE)--Sept. 17, 1999-- Andover.Net (www.andover.net), a network of Linux/Open Source web sites which includes Slashdot.org, today announced that it has filed a Registration Statement on Form S-1 with respect to a proposed initial public offering of 4,000,000 shares of Andover.Net common stock. All 4,000,000 shares are being offered by Andover.Net at a proposed price range of $12 to $15 per share. The offering is being underwritten by WR Hambrecht + Co WR Hambrecht + Co. is a full service investment bank with headquarters in New York and San Francisco. It specializes in using its unique auction process called OpenIPO to compete with the traditional methods of larger and more established banks. . LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Advest, Inc. and DLJ DLJ Distributor License for Java DLJ Donaldson, Lufkin & Jenrette Inc. DLJ Drive Like Jehu (band) DLJ Defence Laboratory Jodhpur (India) DLJ Dead Letter Journal Direct through WR Hambrecht + Co.'s proprietary OpenIPO system. Andover.Net is a leading Linux/Open Source Internet destination with a total of over 2 million users and over 40 million page impressions on a monthly basis. Its network of web sites provides an independent, unbiased source for content, community and commerce for the Linux/Open Source communities. Andover.Net properties include Slashdot (slashdot.org), a Web site for Linux/Open Source news, community comments and resources and Freshmeat (freshmeat.net), a downloadable Linux software application repository. The OpenIPO process is similar to a traditional underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. except that the pricing and allocation of the shares will be based on the results of a modified Dutch auction Dutch Auction An auction where the price on an item is lowered until it gets its first bid, and then the item is sold at that price. Notes: The U.S. Treasury (and other countries) uses a Dutch auction when it sells securities. . All investors place a bid for the number of shares they want to own and the price they want to pay. To participate in the offering, an investor must have an account with WR Hambrecht + Co. or a participating broker in the OpenIPO Network. Information regarding the OpenIPO process may be obtained through www.wrhambrecht.com. Copies of the 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 when available through WR Hambrecht + Co.'s website, www.wrhambrecht.com, or by contacting WR Hambrecht + Co. in writing at 555 Lancaster Avenue, Suite 200, Berwyn, Penn., 19312 or by calling toll free 1-877-673-6476. Copies of the preliminary prospectus may also be obtained by contacting Advest, Inc. in writing at 100 Federal Street, 29th Floor, Boston, Mass., 02110, or by calling 1-800-659-2678 x2390. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. 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 their registration or qualification under the securities laws of such state. Andover.Net and AndoverNews Network, are trademarks of Andover.Net. |
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