Document Sciences Corporation Announces Initial Public Offering.SAN DIEGO--(BUSINESS WIRE)--Sept. 20, 1996--Document Sciences Corporation (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 :DOCX) announced today the initial public offering of 2,300,000 shares of its Common Stock at a price of $12.00 per share. The offering is being managed by Deutsche Morgan Grenfell and SoundView Financial Group, Inc. The Company will sell 1,837,500 shares and certain selling stockholders will sell 462,500 shares. In addition, the Company has granted the underwriters an option to purchase 345,000 shares to cover over-allotments, if any. The Company intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering for working capital and general corporate purposes. Document Sciences Corporation provides a family of document automation software and services used in high volume electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. applications. Autograph, the Company's document automation software architecture, enables personalized and customized publishing solutions for many industries including insurance, managed healthcare, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , telecommunications, manufacturing/distribution, government agencies and commercial print service bureaus. The Company's products enable an important form of communication between organizations and customers by employing enterprise database assets to produce high-quality documents that are ready to print on demand and distribute in high volume. The Company's products are used in a wide array of computing environments from client/server to large computer systems. At present the Company has licensed its products to more than 400 end user customers worldwide. Copies of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. may be obtained from Deutsche Morgan Grenfell, 31 West 52nd Street, 25th 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 10019 or SoundView Financial Group, Inc., Two Embarcadero Center For the Embarcadero Center complex, see Embarcadero Center Two Embarcadero Center is an office skyscraper located in San Francisco's Financial District. The building is part of the Embarcadero Center, which is a complex of six interconnected buildings and one , Suite 1655, San Francisco, CA 94111. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. CONTACT: Document Sciences Corporation, San Diego Barbara E. Amantea, 619/625-2000 |
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