ArrowPoint Communications, Inc. Announces Initial Public Offering.Business/Technology Editors ACTON, Mass.--(BUSINESS WIRE)--March 31, 2000 ArrowPoint Communications, Inc. today announced the initial public offering of its common stock on the Nasdaq National Market under the symbol "ARPT ARPT Airport ARPT Ateneo Rifle Pistol Team ARPT Adaptive Research Planning Teams ARPT Adenine Phosphoribosyltransferase ARPT Access Region Prediction Table ." The initial public offering price for the 5,000,000 million shares was $34. All of the shares were offered by ArrowPoint Communications, Inc. The offering was led by Goldman, Sachs and Co., and co-managed by Deutsche Banc Alex. Brown and J.P. Morgan & Co. A copy 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 the offices of Goldman, Sachs, 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). The company anticipates using 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 offering for general corporate purposes, including the funding of operations, the expansion of sales, marketing and product development activities, and for working capital. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a 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 or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About ArrowPoint Communications ArrowPoint provides intelligent Web Switches that help customers deploy global networks optimized for e-commerce transactions and Web content delivery. Based on patented "content switching" technology, ArrowPoint solutions are used by companies engaged in electronic commerce, value-added Web and application hosting services, Web publishing Creating a Web site and placing it on the Web server. A Web site is a collection of HTML pages with the home page typically named INDEX.HTML. Web sites are designed using Web authoring software which provides a graphical layout capability or by hand coding in HTML or both. , and broadband content services. The company is headquartered in Acton, Mass., with regional offices in Canada, the United Kingdom and Singapore. For more information, call 978.206.3000 or visit the company Web site at www.arrowpoint.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion