Citrix Systems Announces Initial Public Offering of 2.5 Million Shares of Common Stock.CORAL SPRINGS, Fla.--(BUSINESS WIRE)--Dec. 7, 1995--Citrix Systems Inc. ("Citrix" or the "Company") announced its initial public offering of 2.5 million shares of common stock at $15 per share. All of the shares being offered by the company. The stock is being traded over-the-counter on the National Market System under 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 symbol "CTXS CTXS Citrix Systems (NASDAQ stock ticker symbol) ." Hambrecht & Quist LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Robertson, Stephens & Co., L.P. are the managing underwriters for the offering. 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). of the offering will be used for general corporates purposes, including working capital and other general corporate purposes. Citrix is a leading supplier of multi-user application server products that enable the effective enterprise-wide deployment of applications that are designed for Microsoft's Windows operating systems. The company's WinFrame and WinView product lines, developed under license and strategic alliance agreements with Microsoft, permit organizations to deploy advanced Windows applications without regard to location or type of client hardware platforms. The company's principal investors include Microsoft, Intel, Kleiner Perkins, Mayfield Funds and Sevin Rosen Funds Sevin Rosen Funds (SRF) is a venture capital firm that was established in 1981 by L.J. Sevin and Ben Rosen. SRF was involved in the financing of ArQule, CIENA, Citrix, Cypress Semiconductor, Electronic Arts, Lotus Development Corporation, Silicon Graphics, and Vitesse. . A copy 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 Hambrecht & Quist LLC, One Bush St., San Francisco, CA 94140, 415/576-3626 or 230 Park Ave., New York, NY 10169, 212/207-1400 or from Robertson, Stephens & Co., L.P., 555 California St., Suite 2600, San Francisco, CA 94104, 415/781-9700. 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. CONTACT: Citrix Systems Inc. James J. Felcyn Jr., 305/755-0559 |
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