News and Analysis

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 […]
SAN FRANCISCO – Venture Capitalist William Tai and his former employer, the Walden Group of Venture Capital Funds, were slated to enter settlement negotiations in mid-December concerning a lawsuit Walden filed last fall against Mr. Tai, said the defendant’s attorney Robert Bunzel. As a result, Mr. Tai postponed submitting a response to the lawsuit that […]
REDWOOD CITY, Calif. -Venture capitalist Tim Draper has launched a Web site to rally and gauge support for a proposal for California’s March 2000 ballot to reform the state’s public school system and allow school choice. California’s high-tech community – and the VCs who back it – often complain that the states’ public schools do […]
NEW YORK – Bank of New York is about to become the latest lender to launch a private equity fund-of-funds for its private clients. Industry sources say lenders today are almost forced to offer their clients access to private equity partnerships to keep up with competitors such as BankBoston, Chase Manhattan Corp., Credit Suisse First […]
ANN ARBOR, Mich. – Arbor Partners L.L.C. has begun premarketing a venture capital fund that will target the electronic commerce and Internet sectors. The firm intends to raise between $50 million and $60 million for the vehicle, which will make later-stage investments, said Managing Director Donald Walker. Active fund raising should begin around the middle […]
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