Catalyst International Inc. commences initial public offering of common stock.MILWAUKEE--(BUSINESS WIRE)--Nov. 16, 1995--Catalyst International Inc. announced today that it has made an initial public offering of 2,600,000 shares of common stock. Of the 2,600,000 shares, 2,000,000 shares are being sold by the company and 600,000 are being sold by selling shareholders. The initial public offering price is $13 per share. The offering is being managed by Robertson, Stephens & Co. L.P., Cowen & Co. and Furman Selz Inc. The company intends to use the net proceeds from the offering for repayment of certain indebtedness and general corporate purposes. Catalyst develops, markets and supports advanced warehouse management software solutions. The company's primary product, the Catalyst Warehouse Management System (Catalyst WMS), is a complete, standard software solution operating in an open system environment. Catalyst WMS manages inventory, storage locations, people and equipment within a warehouse. A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. Copies of the prospectus relating to the offering may be obtained from Robertson, Stephens & Co. L.P., 555 California Street, Suite 2600, San Francisco, 94104, Attn: Prospectus Department, 415/781-9700; Cowen & Co., One Financial Square, New York, 10005, Attn: Prospectus Department, 212/495-6000; and Furman Selz Inc., 230 Park Avenue, New York 10169, Attn: Prospectus Department, 212/309-8200. CONTACT: Catalyst International Inc. Lisa Sanreget, 414/377-9400 |
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