Credit Suisse First Boston Technology Group Lead-Manages Waterhouse Securities, Inc. Initial Public Offering -1008B.PALO ALTO, Calif.--(BUSINESS WIRE)--June 23, 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. Technology Group announced today that it acted as lead manager of TD Waterhouse Group Inc.'s initial public offering of 42,000,000 shares of common stock. Shares were priced at $24, and began trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors TWE TWE Test of Written English TWE ThinkWave Educator (teacher productivity application) TWE That Was Easy TWE tap water enema TWE Threat Warning Equipment TWE Transitional Work Experience TWE Triangle Wind Ensemble on this morning. Shares in TD Waterhouse rose 8.3 percent to $26 in their stock market debut Wednesday, joining the leading percentage gainers on the New York Stock Exchange. TD Waterhouse Group, Inc. is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and is the world's second-largest discount broker and operates the third-largest Internet brokerage, Waterhouse Investor Services. The offering represents the largest Internet 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. in history and is the latest industry-defining financing led by Credit Suisse First Boston Technology Group. The group's mergers and acquisitions group advised on 3 of the 4 largest technology M&A transactions of all time ($20 billion - Ascend/Lucent Technologies, $11.7 - billion AMP/Tyco International, $9.1 - billion Nortel /Bay Networks, Inc.). The group also advised on the largest software transaction of all time ($3.6 billion - Computer Associates International, Inc./ PLATINUM Technologies, Inc.) and on the largest cross-border telecommunications equipment transaction of all time ($2.1 billion - GEC GEC Gaseous Electronics Conference GEC Gigabit EtherChannel GEC Geriatric Education Center (US government; HRSA) GEC General Electric Co. GEC Google Earth Community (online community) / RELTEC Corporation) The Credit Suisse First Boston Technology Group is a full-service investment banking team specializing in technology transactions within the Credit Suisse First Boston Corporation. The Technology Group has global reach with over 150 technology-focused professionals (including 21 research analysts), in Palo Alto, San Francisco, 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 , Boston, London, and Asia. The Credit Suisse First Boston Technology Group is No. 1 in market share (year to date) with 29 technology IPOs valued at over $2.9 billion; the group also ranks as No. 1 in technology lead-managed IPO volume and No. 1 in technology M&A volume (26 transactions valued at over $50.3 billion.) Since July 1, 19998, the Credit Suisse First Boston Technology Group has advised on 129 transactions, totalling over $79 billion in value. To obtain a prospectus related to this offering, please contact: Credit Suisse First Boston Prospectus Department 11 Madison Avenue New York, NY 10010 212-325-2000 For more information about Credit Suisse First Boston Technology Group, please contact Cheryl Popp at 650-614-5031. 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. |
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