Astea International Inc. Offers 2,800,000 Shares of Common Stock at $15.00 per Share.CHALFONT, Pa.--(BUSINESS WIRE)--July 27, 1995 -- Astea International Inc. ("Astea") announced today the initial public offering of 2,800,000 shares of Common Stock at a price of $15.00 per share. All of the shares of Common Stock are being sold by the Company. Alex. Brown & Sons Incorporated and Montgomery Securities co-managed the underwriting group. Astea's stock will be traded on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "ATEA." 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). of the offering will be used for general corporate purposes. Astea is a leading provider of customer interaction software which enables organizations of all sizes across a range of industries to automate and streamline their field service, sales, and customer support operations. The Company is headquartered in Chalfont, Pennsylvania Chalfont is a borough in Bucks County, Pennsylvania, United States. The population was 3,977 at the 2000 census. Chalfont is named after Chalfont St Giles in Buckinghamshire also known as Bucks County, England. , with offices in Bedford, Massachusetts Bedford is a town in Middlesex County, Massachusetts, United States. It is within the Greater Boston area, some 15 miles north-west of the city of Boston. The population of Bedford was 12,595 at the 2000 census. ; San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. ; Paris, France; St. Leonards, Australia; Dusseldorf, Germany; Houten, The Netherlands; Auckland, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. ; Surrey, England and Tefen, Israel. This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sales of securities effected in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Written prospectuses may be obtained from Alex. Brown & Sons Incorporated, 135 E. Baltimore Street, Baltimore, MD 21202, attention Prospectus Clerk, or Montgomery Securities, 600 Montgomery Street, San Francisco, CA 94111. CONTACT: Maureen MacGregor Maureen Wolff-Reid Astea Sharon Merrill International Inc. Associates Inc. (617) 275-5440 (617) 262-1800 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion