Ariba Files for Initial Public Offering.
Ariba Technologies Inc, the Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. internet
commerce company, has filed for an initial public offering on Nasdaq.
The firm, which will trade under the symbol ARBA, is hoping to raise
between $40m and $60m. The main underwriter is Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , with
additional underwriting from BT Alex Brown Alex Brown may refer to: - Alex "Sandy" Brown (born 1939), Scottish footballer
- Alex Brown (rugby player) (born 1979), rugby union player
- Alex Brown (football player) (born 1979), American football player
, Dain Rauscher Wessels and
Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. . The IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. will help fund Ariba's expansion in Europe,
where it is currently present in the UK, Holland, Switzerland. Ben
Wright, Ariba's European marketing director, said that France and
Spain are the "most likely" markets for new investment. Ariba
is also eyeing the Asia-Pacific region, where it has regional
representation but no direct presence.
Despite being in the middle of a quiet period ahead of the
offering, Ariba has established a partnership with Hewlett-Packard that
extends HP's client status to technology partner. The two
companies have set up Ariba Cooperative Technology Center in Boeblingen,
Germany where they can work to improve the way Ariba's e-commerce
applications run on HP's platforms. Wright says that Ariba wants
to ensure that the apps are fully reliable even when they are extended
to run on 100,000 desktops.
COPYRIGHT 1999 Datamonitor
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.
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