Printer Friendly

SEER TECHNOLOGIES FILES FOR INITIAL PUBLIC OFFERING.

CARY, N.C.--(BUSINESS WIRE)--May 9, 1995--SEER Technologies, Inc. today announced it has filed a Registration Statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The offering will consist of 2,569,732 shares of common stock, of which 2,350,000 shares will be offered by the Company and 219,732 shares will be offered by certain selling stockholders of the Company.

SEER Technologies designs, develops, markets and supports software products and provides related services that enable its customers to create, distribute and manage large-scale mission critical information processing applications that utilize client/server technologies. The Company was founded in 1990 and today employs more than 700 people in 27 offices throughout the U.S., Europe and Asia.

The managing underwriters for the offering are Hambrecht & Quist Inc., CS First Boston, and Merrill Lynch.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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.

Copies of the preliminary prospectus relating to the offering may be obtained from Hambrecht & Quist, One Bush Street, San Francisco, CA 94104, CS First Boston, Park Avenue Plaza, 55 East 52nd Street, New York, NY 10055 and Merrill Lynch, World Financial Center, North Tower, New York, NY 10281.

CONTACT: Chuck Riegel John H. Smith

SEER Technologies, Inc. Brodeur & Partners

919-380-5000 617-622-2873
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:May 9, 1995
Words:303
Previous Article:GREAT BAY POWER REPORTS $560,000 NET INCOME IN FIRST QUARTER.
Next Article:Worlds Inc. in collaborative effort to create the first broadband interactive network for Starbright.
Topics:


Related Articles
Visionaries: The Spanish Republic and the Reign of Christ.
DOING THEIR BIT FOR HOME FIX-IT.
The seer and the sword. (Science Fiction, Fantasy, & Horror).
Lowry, Lois. Messenger.
Messenger.
New air conditioner efficiency standards take effect.
Seer's Quest.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters