Netscape Communications Corporation Announces Initial Public Offering Of 5,000,000 Shares Of Common Stock
Mountain View, Calif. (August 9, 1995) -- Netscape Communications Corporation announced today the initial public offering of 5,000,000 shares of its Common Stock at a price of $28 per share. Of such shares, 4,250,000 shares were offered in the United States and Canada and 750,000 shares were offered internationally. Morgan Stanley & Co. Incorporated acted as lead manager and Hambrecht & Quist LLC acted as co-manager of the underwriting group. The Company has granted the underwriters an option to purchase up to 750,000 additional shares from the Company to cover over-allotments, if any. The Company's common stock is traded on the NASDAQ National Market under the symbol "NSCP".
AOL / Netscape Communications develops, markets and supports open software that enables people and organizations to exchange information and conduct commerce over the Internet and private Internet Protocol networks. The Company's comprehensive product line includes clients, servers, and integrated applications software products.
Copies of the prospectus relating to the offering may be obtained from Morgan Stanley & Co. Incorporated, 1251 Avenue of the Americas, New York, New York 10020; Phone: 212/703-4000 or Fax: 212/703-5007; or from Hambrecht & Quist LLC, One Bush Street, San Francisco, California 94104; Phone 415/576-3423 or Fax: 415/576-3347.
This press release 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 prior to registration or qualification under the securities laws of any such state.
AOL / Netscape Communications is headquartered at 466 Ellis Street, Mountain View, California 94043-4042; Internet Address: ; email: email@example.com; Phone: 415/528-2802 or 415/528-2803.
Netscape Communications, the Netscape Communications logo, Netscape, Netscape Commerce Server, Netscape Communications Server, Netscape Proxy Server and Netscape News Server are trademarks of Netscape Communications Corporation. NCSA Mosaic is a trademark of the University of Illinois. All other product names are trademarks of their respective companies.