Credit Suisse First Boston Lead Manages Triton IPO.
Credit Suisse First Boston announced today that it acted as lead manager of the initial public offering of Triton Network Systems, Inc. The offering of 5,500,000 shares of common stock was priced at $15/share. The filing range was originally $10-12/share, but was raised to $13-15/ share. When the market closed today, the stock was trading at $37 7/16. The shares are listed on the NASDAQ Stock Market's National Market under the ticker TNSI.
(Photo: http://www.newscom.com/cgi-bin/prnh/20000204/CSFBTECH )
Triton Network Systems, Inc. provides high-speed, or broadband, wireless equipment that enables communications service providers to deliver fast, cost effective voice, video and data services to their business customers. Their products, which they call Invisible Fiber, combine the high transmission speeds and reliability of fiber optic networks with the flexibility, low cost and rapid development of wireless technologies.
Triton Network Systems, Inc. is headquartered in Orlando, Florida.
Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for wholesale users and suppliers of capital around the world. It operates in 57 offices across more than 37 countries and six continents and has over 15,000 staff. Credit Suisse First Boston is one of the world's largest securities firms in terms of financial resources, with approximately $9.8 billion in revenues in 1999 and $7.8 billion in equity and $275 billion in assets as of December 31, 1999. The Firm is a wholly owned subsidiary of the Zurich-based Credit Suisse Group. For more information on Credit Suisse First Boston, please visit our website at http://www.csfb.com .
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. A copy of the prospectus relating to the offering may be obtained from the contacts listed above.
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|Date:||Jul 13, 2000|
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