Scient Corp. –

SAN FRANCISCO – Scient Corp., a provider of online customer service products, held an initial public offering May 13. The company offered 3 million shares of common stock, which priced at $20, above the company’s $17 to $19 filing range.

Underwriters included Morgan Stanley Dean Witter, Hambrecht & Quist and Thomas Weisel Partners L.L.C. There were no selling shareholders.

Benchmark Capital and Sequoia Capital are venture investors.

Scient, incorporated in California in November 1997 and reincorporated in Delaware in May, designs and markets products that help customers manage databases and create, build and expand e-businesses. Scient had acquired $11.7 million of debt as of March.

Proceeds, worth an estimated $60 million, will be used for general corporate purposes. The company has paid no cash dividends.

David Beirne, managing member of Benchmark, and Douglas Leone, general partner of Sequoia, joined the company’s board of directors in December 1997.

Scient – Selected Financial

(in thousands, except per share data )

November 7,1997 (Inception) Year ended Three Months Ended (unaudited)

through March 31, 1998 March 31, 1999 June 30, 1998 September 30, 1998 December 31, 1998 March 31, 1999

Revenues 179 20,675 1,924 3,094 6,270 9,387

Net loss -1,159 -11,701 -523 -1,288 -3,741 -6,149

Net loss per share -0.19 -1.77 -0.09 -0.21 -0.56 -0.81