Coinstar Announces Initial Public Offering.BELLEVUE, Wash.--(BUSINESS WIRE)--July 3, 1997--Coinstar Inc. (Nasdaq Symbol:CSTR CSTR Centre for Speech Technology Research CSTR Canister CSTR Continually Stirred Tank Reactor CSTR Center for Software Testing Research (Florida Tech) CSTR Combat System Trial Rehearsal (US DoD) ) announced the initial public offering of 3,000,000 shares of its common stock at a price of $10.50 per share. Coinstar has granted to the underwriters a 30-day option to purchase up to 450,000 additional shares of its common stock solely to cover over-allotments, if any. A preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders for the offering had indicated Coinstar's intention to offer 4,000,000 shares at a price range of $13 to $15 per share. Certain existing principal stockholders of Coinstar are participating in the offering by purchasing, in the aggregate, approximately 340,000 shares. Coinstar develops, owns and operates a network of automated, self-service coin counting and processing machines that provide customers with a convenient means to convert loose coins into cash. Coinstar intends to use the net process of this offering predominantly to fund capital expenditures and working capital in connection with the continued expansion and enhancements of the Coinstar network, for product research and development, and deployment of enhancements to the Coinstar unit and the coin processing network and for general corporate purposes. A copy of the prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering may be obtained from Smith Barney Inc., 333 West 34th Street, 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 10001, or from Hambrecht & Quist LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , One Bush Street, San Francisco, CA 94104. CONTACT: Coinstar Inc. Kirk A. Collamer, 425/644-6789 or Fi.Comm Cathy Corley, 206/467-6732 (Investor Relations Investor relations The process by which the corporation communicates with its investors. ) |
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