Credit Suisse First Boston Lead Manages MP3.com Initial Public Offering.PALO ALTO, Calif.--(BUSINESS WIRE)--July 21, 1999-- Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. announced today that it acted as lead manager of the initial public offering of MP3.com. The offering of 12,347,233 shares of common stock was priced at $28 per share (as compared with the initial filing range of $9 to $11). When the market closed today, the stock was trading at $63. The shares are listed on 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 National Market under the ticker MPPP (MultiLink PPP) An extension to the point-to-point protocol that enables two channels to be linked together to double the throughput. It is used for ISDN transmission and channel bonding. See PPP, ISDN and channel bonding. . MP3.com is pioneering a revolutionary approach to the promotion and distribution of music. The company uses the Internet and file formats that make music files smaller to enable a growing number of artists to broadly distribute and promote their music. Consumers can search, sample and download music from their website free of charge. The company is headquartered in San Diego, Calif. Year to date, Credit Suisse First Boston is ranked No. 1 in lead-managed technology IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. volume (31 transactions completed and in registration totaling $4 B); No. 1 in technology M&A (28 transactions completed and announced totaling $53.1 B); and No. 1 in combined technology financing and M&A volume (105 transactions completed, announced and in registration for $70.0 B). Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for users and suppliers of capital around the world. It operates in over 60 offices across more than 30 countries and has over 14,000 employees. For the year ended Dec. 31, 1998, CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank had $6.7 billion in revenues, $7.1 billion in equity and $291 billion in assets. The Firm is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the Zurich-based Credit Suisse Group. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. For a prospectus on this offering, please call the Prospectus Department in 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 , 212/325-2000. |
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