BroadVision, Inc. Initial Public Offering of Common Stock.LOS ALTOS Los Altos (lôs ăl`tōs, lŏs), residential city (1990 pop. 26,303), Santa Clara co., W Calif.; inc. 1952. There is diversified light manufacturing. , Calif.--(BUSINESS WIRE)--June 27, 1996--BroadVision, Inc., ("BroadVision" or the "Company"; Nasdaq National Market Symbol:BVSN BVSN Broadvision, Inc. (stock abbreviation, AMEX) ) announced that on Friday, June 21, 1996, it commenced an initial public offering of 3,000,000 shares of its Common Stock. All of the shares were sold by the Company. The initial public offering price was $7 per share. The 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). to the Company from the offering will be used for working capital and general corporate purposes. The offering was managed by Robertson, Stephens & Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Hambrecht & Quist LLC, and Wessels, Arnold & Henderson L.L.C. BroadVision provides an integrated software Separate software components or applications that have been combined into one package. See integrated software package. applications system, BroadVision One-To-One, that enables businesses to create applications for interactive marketing and selling services on the Web. These applications are designed to allow non-technical business managers to tailor Web site content to the needs and interests of individual Web site visitors, personalizing each visit on a real-time basis. Copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. relating to the offering may be obtained from Robertson, Stephens & Co. LLC, 555 California St., Suite 2600, San Francisco, CA 94104, 415/781-9700; Hambrecht & Quist LLC, One Bush St., San Francisco, CA 94104; Wessels, Arnold & Henderson, L.L.C., 901 Marquette Ave., Suite 2700, Minneapolis, MN 55402, Attention: Syndicate Department, or alternatively, it can be located on the Internet World Wide Web http://www.bvsn.com. CONTACT: BroadVision, Inc. Robert Runge, 415/934-3701 |
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