Aspec Technology, Inc. Announces Initial Public Offering of its Common Stock.SUNNYVALE, Calif.--(BUSINESS WIRE)--April 28, 1998--Aspec Technology, Inc. (Nasdaq National Market symbol: ASPC ASPC Associated Students of Pomona College (Claremont, California) ASPC American Shetland Pony Club ASPC Arizona State Prison Complex ASPC Algorithmic Statistical Process Control ASPC Attached Shuttle Payload Center ) announced today that it completed the public offering of 6,000,000 shares of its common stock at a price of $13.00. The shares of Aspec common stock were offered by an underwriting group managed by Hambrecht & Quist LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control 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. , Pierce, Fenner & Smith Incorporated. Aspec has granted to the underwriters an option to purchase up to 900,000 additional shares of common stock for the purpose of covering over-allotments, if any. Aspec Technology, Inc., headquartered in Sunnyvale, California, is a leading provider of merchant semiconductor intellectual property ("SIP") solutions for high-performance, complex IC designs, including system-on-a-chip ICs. Aspec's SIP consists of cell libraries, design tools, design methodologies and related engineering services which, when used in conjunction with EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. tools, simplify the process of designing complex ICs. Copies of the prospectus relating to this offering may be obtained from Hambrecht & Quist LLC, One Bush Street, San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] 94104, 415/439-3300, or Merrill Lynch & Co., 250 Vesey Street, 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 , New York 10281, 212/449-1000. This press release 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. CONTACT: Aspec Technology, Inc. Robert Dorr, 408/328-9606 |
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