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1.5 MILLION IQ SOFTWARE CORPORATION INITIAL COMMON SHARES OFFERED AT $9 PER SHARE

 1.5 MILLION IQ SOFTWARE CORPORATION INITIAL
 COMMON SHARES OFFERED AT $9 PER SHARE
 ATLANTA, Oct. 15 /PRNewswire/ -- William Blair & Company and the Robinson-Humphrey Company, Inc., co-managers of the underwriting group, announced today the initial public offering of 1.5 million shares of IQ Software Corporation common stock at $9 per share. Of the total, 950,000 shares are being sold by the company and 550,000 by selling shareholders.
 Net proceeds to the company will be used to increase working capital.
 The common stock of IQ Software Corporation will trade on the NASDAQ National Market System under the symbol "IQSW."
 Headquartered in Atlanta, IQ Software Corporation designs, develops, markets and supports a family of data access, analysis and custom report writing software products.
 This communication 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 under the securities laws of any such state.
 -0- 10/15/92
 /CONTACT: Michael J. Casey, controller of IQ Software Corporation, 404-446-8800, or John Ettelson of William Blair & Company, 312-236-1600/
 (IQSW) CO: IQ Software Corporation ST: Georgia IN: CPR SU: OFR


PS-CK -- NY063 -- 0430 10/15/92 12:30 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 15, 1992
Words:213
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