AudioCodes Announces Public Offering.YEHUD, Israel--(BUSINESS WIRE)--October 14, 1999-- AudioCodes Ltd. (AUDC AUDC Austin Development Center AUDC Audio Converter AUDC Audio Codec ) announced today the public offering of 3,000,000 ordinary shares at a price of $41 per share. The Company offered 1,500,000 shares and selling shareholders offered the remaining 1,500,000 shares. The ordinary shares trade on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market under the symbol "AUDC." AudioCodes intends to use the net proceeds from the offering for working capital and general corporate purposes. AudioCodes' public offering was lead managed by CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , with Warburg Dillon Read Investment bank created by the 1997 merger of S.G. Warburg & Co. and Dillon, Read & Co. Subsequently renamed UBS Warburg and now part of UBS AG, where the Warburg name was eventually dropped. LLC, Robertson Stephens and U.S. Bancorp Piper Jaffray acting as co-managers. The underwriters will have a 30-day option to purchase up to 450,000 additional ordinary shares from selling shareholders solely to cover over-allotments, if any. Copies of the prospectus relating to the public offering of AudioCodes' ordinary shares may be obtained from CIBC World Markets, One World Financial Center, 200 Liberty Street, New York, New York 10281 at (212) 667-7000; from Warburg Dillon Read LLC, 555 California Street, Suite 4650, 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 at (415) 352-5650; from Robertson Stephens , 590 Madison Avenue, New York, New York 10022 at (212) 319-8900; and from U.S. Bancorp Piper Jaffray, 2500 Sand Hill Road, Suite 200, Menlo Park, California Menlo Park is a city in San Mateo County, California in the United States of America. It is located at latitude 37°29' North, longitude 122°9' East. Menlo Park had 30,785 inhabitants as of the 2000 U.S. Census. 94025 at (650) 233--2260. AudioCodes designs, develops and markets enabling technologies and products for voice over packet networks. AudioCodes' product line includes a variety of signal processor chips, VoIP communication boards, communications software and custom modules for OEM customers. The Company's headquarters and R&D facilities are in Yehud, Israel with sales and marketing offices in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. . This press release shall not constitute an offer to sell or a solicitation 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 such state or jurisdiction. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion