Brio Technology Announces Initial Public Offering.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--May 1, 1998--Brio Technology, Inc. (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 :BRYO BRYO Brisbane Regional Youth Orchestra (Brisbane, Australia) BRYO Brunswick Maine Youth Orchestra (now Maine Youth Orchestra) ) today announced the initial public offering of 2,900,000 shares of its common stock at $11 per share. Of the common stock being offered, 2,775,000 shares are being sold by the Company and 125,000 shares are being sold by certain stockholders of the Company. The Company will not receive any of the proceeds from the sale of shares by the selling stockholders. The shares traded today on the Nasdaq National Market under the symbol BRYO. Deutsche Morgan Grenfell Inc., BancAmerica Robertson Stephens, First Albany Corporation and 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. managed the offering. Brio Technology and the selling stockholders have also granted to the underwriters of the public offering an option to purchase up to an additional 435,000 shares to cover over-allotments, if any. Brio Technology, Inc. develops, markets and supports software products that enable organizations to rapidly implement enterprise business intelligence solutions. 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. The offer is made only by the prospectus, a copy of which may be obtained from Deutsche Morgan Grenfell Inc., 31 West 52nd Street, 4th Floor, 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 , NY 10019; BankAmerica Robertson Stephens, 555 California Street, Suite 2600, San Francisco, CA 94104; First Albany Corporation, 500 Airport Boulevard, Suite 442, Burlingame, CA 94010; and Piper Jaffray Inc., 2500 Sand Hill Road, Suite 200, Menlo Park, CA 94025. CONTACT: Brio Technology Karen Willem, 650/845-3775 (Investor Contact) kwillem@brio (Brio Technology, Palo Alto, CA, www.brio.com) A software company founded in 1989 and acquired by Hyperion Solutions Corporation in 2003 that specialized in enterprise analysis and reporting programs that run on several platforms. .com Jennifer Braun, 650/845-3742 (Media Contact) jbraun@brio.com |
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