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Art Technology Group, Inc. Commences Follow-On Public Offering of Common Stock.


CAMBRIDGE, Mass.--(BUSINESS WIRE)--Nov. 10, 1999--

Art Technology Group, Inc. (Nasdaq:ARTG ARTG Australian Register of Therapeutic Goods ) announced today that it had commenced a follow-on public offering of 4,500,000 shares of its common stock at a price of $67.50 per share. In the offering, 1,425,000 shares were offered by ATG ATG antithymocyte globulin.
lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG)

Atgam

Pharmacologic class: Immunoglobulin

Therapeutic class: Immunosuppressant
 and 3,075,000 shares were offered by certain stockholders. The underwriters have been granted an option to purchase 675,000 additional shares to cover over-allotments, if any, of which ATG would sell up to 87,920 shares and the selling stockholders would sell up to 587,080 shares.

The offering is being lead-managed by Hambrecht & Quist LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, U.S. Bancorp This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.
You can assist by [ editing it] now.
 Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution  Inc., Thomas Weisel Partners Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), often shortened to just TWP or TWeisel, is a U.S. middle-market and growth focused investment banking firm based in San Francisco, California.  LLC and Dain Rauscher Wessels, a division of Dain Rauscher Incorporated. Copies of the prospectus may be obtained from Hambrecht & Quist LLC, 50 Rowes Wharf, Boston, Massachusetts 02110.

ATG offers an integrated suite of Internet customer relationship management and electronic commerce products and services. ATG's solution enables businesses to understand, manage and build their online customer relationships and to more effectively market, sell and support their products and services over the Internet. ATG's Dynamo(R) product suite is designed to provide businesses with the core platform and software tools required to develop and deploy personalized, scalable and reliable e-commerce Web sites.

This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the shares 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.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 10, 1999
Words:271
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