ArrowPoint Communications, Inc. Announces Filing of Registration Statement for Initial Public Offering.Business/Technology Editors ACTON, Mass.--(BUSINESS WIRE)--Jan. 27, 2000 ArrowPoint Communications, Inc. today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of shares of its Common Stock. All of the shares are being offered by the company. Goldman, Sachs &Co. is acting as lead manager for this offering with Deutsche Bank Alex. Brown Deutsche Bank Alex. Brown is the private client services division of Deutsche Bank Securities, the U.S. corporate and investment arm of German banking colossus Deutsche Bank. It is the organization successor to the 200 year-old investment bank Alex. and J.P. Morgan &Co. acting 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). from the sale of shares by the company will be used for general corporate purposes, including the funding of operations, the expansion of sales, marketing and product development activities, and for working capital. Once available, preliminary prospectuses may be obtained from Goldman, Sachs &Co., 85 Broad Street, 14th Floor, 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 (telephone (212) 902-1000). ArrowPoint Communications, Inc. provides intelligent Web switches that enable its customers to deploy a global Web network architecture to optimize e-commerce transactions and the delivery of Web content. As of December 31, 1999, over 100 companies, including Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and application service providers, e-commerce companies, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , and other enterprises, have deployed ArrowPoint's Web switches in their Web networks. ArrowPoint is headquartered in Acton, Massachusetts Acton is a suburban town in Middlesex County, Massachusetts, United States about twenty-one miles west-northwest of Boston along Route 2 west of Concord and about eleven miles (18 km) southwest of Lowell. The population was 20,331 at the 2000 census. , with regional offices in the United Kingdom and Singapore. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This announcement 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. |
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