Blackboard Inc. Announces Pricing of Initial Public Offering of Common Stock
18 Giugno 2004 - 1:00PM
PR Newswire (US)
Blackboard Inc. Announces Pricing of Initial Public Offering of
Common Stock WASHINGTON, June 18 /PRNewswire-FirstCall/ --
Blackboard Inc. (NASDAQ:BBBB) announced today that its initial
public offering of 5,500,000 shares of common stock has been priced
at $14.00 per share. Blackboard has agreed to sell 3,650,000
shares, and its selling stockholders have agreed to sell 1,850,000
shares. In addition, Blackboard and its selling stockholders have
granted the underwriters an option to purchase up to an additional
825,000 shares to cover over-allotments, if any, of which the first
401,062 shares would be sold by the selling stockholders and the
remaining 423,938 shares would be sold by Blackboard. Blackboard
will not receive any of the proceeds from the shares of common
stock sold by its selling stockholders. The common stock will be
quoted on the NASDAQ National Market under the symbol "BBBB" and is
expected to begin trading today. Credit Suisse First Boston LLC
acted as lead manager for the offering and the co-managers were
Banc of America Securities LLC, Merrill Lynch, Pierce, Fenner &
Smith Incorporated, and Thomas Weisel Partners LLC. A copy of the
final prospectus related to this offering may be obtained from:
Credit Suisse First Boston LLC Prospectus Department One Madison
Avenue New York, NY 10010 Telephone (212) 325-2580 This press
release shall not constitute an offer to sell or a solicitation of
an offer to buy, and there shall not be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. About Blackboard Inc. Blackboard is a leading
provider of enterprise software and services to the education
industry. The Company's product line consists of five software
applications bundled in two suites, the Blackboard Academic
Suite(TM) and the Blackboard Commerce Suite(TM). Blackboard's
clients include colleges, universities, schools and other education
providers, as well as textbook publishers and student-focused
merchants that serve education providers and their students.
Blackboard is headquartered in Washington, D.C., with offices and
staff in North America, Europe and Asia. DATASOURCE: Blackboard
Inc. CONTACT: Michael Stanton of Blackboard, +1-866-774-4720; or
Kris Coratti of DBC Public Relations Experts, +1-866-774-4720, for
Blackboard Web site: http://blackboard.com/
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