Crown Media Holdings, Inc. Announces Initial Public Offering of 10,000,000 Shares of Common Stock.Business Editors ENGLEWOOD, Colo.--(BUSINESS WIRE)--May 3, 2000 Crown Media Holdings, Inc. (Nasdaq NM: CRWN CRWN Composite Reconfigurable Wireless Network ) today announced that it has priced its initial public offering (the "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. ") of 10,000,000 shares of Class A common stock at $14.00 per share. The Class A common stock is expected to commence trading tomorrow, May 4, 2000, on the Nasdaq National Market under the symbol CRWN. Donaldson, Lufkin & Jenrette Securities Corporation, Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc., Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. Inc., and DLJdirect, Inc. are the managing underwriters in the initial public offering. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its Class A common stock solely to cover over-allotments, if any. A copy of the prospectus relating to these securities may be obtained when available from Donaldson, Lufkin & Jenrette, 277 Park Avenue, 7th Floor, 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 , New York 10172 (tel: 212/892-4525), Lehman Brothers Inc., c/o Automatic Data Processing Same as data processing. , Prospectus Fulfillment, Niokioh Wright, 55 Mercedes Way, Edgewood, New York 11717 (tel: 516/254-7106) or Salomon Smith Barney Inc., Brooklyn Army Terminal The Brooklyn Army Terminal consists of large complex of piers, docks, warehouses, cranes, railroad sidings and cargo loading equipment. The terminal was responsible for shipment of army equipment and personnel overseas. , 140 58th Street, 8th Floor, Brooklyn, New York 11220 (tel: 718/765-6732). Crown Media Holdings, Inc. owns and operates pay television channels dedicated to high quality family programming. The Company currently operates and distributes three cable channels: Hallmark Entertainment Networks in over 70 international markets, the Odyssey Network in the United States and the Kermit Channel in Asia. Crown Media has more than 50 million subscribers worldwide. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion