NEWARK, N.J. – In a third quarter that saw venture-backed initial public offerings drop to 20 from 31 in the second quarter, venture firms increasingly turned to mergers and acquisitions as an exit strategy in 1998, according to statistics released in November by Venture Economics Information Services. The quarter began with a hot venture-backed IPO […]
PALO ALTO, Calif. – Communications Ventures exclusively invests in early-stage communications and networking companies across the United States. The firm focuses on network management, data networking, Internet infrastructure, computer telephony, voice processing, mobile communications, fiber optics and high capacity switching. Communications Ventures’ most recent vehicle, Communications Ventures III, was launched last summer and held a […]
MENLO PARK, Calif. – Menlo Ventures primarily invests in early-stage and emerging growth companies in the communications, software, Internet and health-care industries in the United States. The firm’s latest vehicle, Menlo Ventures VII, closed in 1996 at $250 million, bringing in a few new institutional investors, as it has with previous funds. Each fund typically […]
WELLESLEY HILLS, Mass. – Network-1 Security Solutions Inc., a designer of software products that provide security for computer networks and their information resources, went public November 12, offering 1.7 million shares at $6 apiece. Stocks priced at the company’s proposed offer price. The initial public offering, which left 4.9 million shares of common stock outstanding, […]
SUNNYVALE, Calif. – Computer Literacy Inc., an online retailer of information resources for technical professionals, went public November 20, offering 3 million shares at $10 apiece. Stocks priced above the company’s $7 to $9 filing range. The underwriters for the initial public offering, which left 10.6 million shares of common stock outstanding, were NationsBanc Montgomery […]
SUMMIT, N.J. – IgX Corp., a developer of drugs for the treatment of infectious diseases of the human gastrointestinal tract, filed to go public September 30. The company is offering 2.3 million shares at between $8 and $10 each. The initial public offering will leave 8.97 million shares of common stock outstanding. The underwriter for […]
NEW YORK – EarthWeb Inc., a provider of Internet-based online services to the information technology community, went public November 10, offering 2.1 million shares at $14 apiece. Stocks priced at the high end of the company’s $12 to $14 filing range. The initial public offering, which left 7.9 million shares outstanding, was underwritten by J.P. […]
ALPHARETTA, Ga. – Cordova Ventures, which changed its name from Cordova Capital a few months ago, focuses on information technology, telecommunications, health care and life sciences and financial services investments. The firm, which mainly concentrates on the Southeastern United States, also runs two real estate specialty funds and occasionally makes investments in more mature industries. […]
James Cavanaugh, a general partner at HealthCare Ventures L.P., has no intention of becoming a mutual fund manager, but he and his colleagues are spending a good deal of their time looking at public companies. Focused on biopharmaceuticals, the New Jersey and Massachusetts-based venture firm hopes to take advantage of the drubbing micro-cap life-sciences stocks […]
Kevin Appelbaum came to a realization in mid-1997: he was purchasing all of his airline tickets online and found himself reading more books because of Amazon.com. “If I could avoid going to the store by going online and finding what I needed, I was doing it,” says the entrepreneur, who at the time worked with […]