AvantGo Announces Initial Public Offering At $12 Per Share.Business Editors/High-Tech Writers 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 CITY--(BUSINESS WIRE)--Sept. 27, 2000 AvantGo, Inc. (Nasdaq:AVGO) announced today the initial public offering of 5,500,000 shares of common stock at a price of $12 per share. The shares are being offered through an underwriting syndicate Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. underwriting syndicate See syndicate. led by Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Corporation, 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. & Co. and 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. . AvantGo has granted the underwriters an option to purchase up to 825,000 additional shares of common stock to cover over-allotments, if any. All of the shares are being offered by AvantGo. A copy of the prospectus may be obtained from Credit Suisse First Boston Corporation, Eleven Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , Attn: Prospectus Dept., New York, NY 10010-3629. About AvantGo, Inc. AvantGo provides mobile infrastructure software and services that extend the Internet and corporate applications beyond the desktop to handheld devices and Internet-enabled phones. AvantGo Enterprise software products enable access to business information and applications from mobile devices to accelerate information flow between companies and their mobile employees, customers, suppliers and business partners. The AvantGo Mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. service enables content providers and e-businesses to extend their user reach, foster repeat use and increase consumer loyalty. The AMI service provides consumers with interactive and personalized Internet content and Web-based applications on mobile devices from over 600 content sources. For more information, please visit the company's Web site at avantgo.com or call 650/638-3399. 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. Note to Editors: AvantGo, AvantGo Enterprise and the AvantGo logo are registered trademarks of AvantGo, Inc. |
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