TiVO announces initial public offering
SUNNYVALE, CA - September 30, 1999 - TiVo Inc. (Nasdaq; TIVO) today announced the initial public offering of 5,500,000 shares of common stock at $16.00 per share. TiVo shares will commence trading on the NASDAQ National Market under the symbol "TIVO". All the common stock offered is being sold by the company.
The shares are being sold through an underwriting syndicate managed by Credit Suisse First Boston Corporation, BancBoston Robertson Stephens Inc., Thomas Weisel Partners LLC and Allen & Company Incorporated. TiVo has also granted the underwriters of the public offering an option to purchase up to 825,000 additional shares of common stock to cover over-allotments, if any.
A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. The offer is made only by the prospectus, a copy of which may be obtained from Credit Suisse First Boston, Eleven Madison Avenue, Attn: Prospectus Department, New York, NY 10010-3629 or at 212-325-2580.
About TiVo Inc.
Founded in August 1997 and headquartered in Sunnyvale, Calif., TiVo is a creator of personal television. The TiVo service lets consumers take control of their television viewing by allowing them to watch what they want, when they want.
TiVo enables consumers to pause, rewind, instant replay and playback in slow motion any live television broadcast. As part of TiVo's easy-to-use service and unique technology, viewers can time-shift their favorite television shows and create a customized television lineup for viewing at anytime. TiVo's intelligent "thumbs up, thumbs down" ratings provide a personalized selection of new programming suggestions, which ensure that the TiVo enabled receiver is always able to provide the best programs available on television to fit individual viewer preferences. The TiVo service always puts viewers' personal privacy first. To insure this, TiVo has established strict policies to help protect the privacy of consumers' personal information, while providing a valuable personalized TV experience. TiVo can be reached on the World Wide Web at www.tivo.com.
This release may contain forward-looking statements regarding TiVo's business, customers or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those, expressed in or indicated by the forward-looking statements. These risks and uncertainties are discussed further in the section entitled Risk Factors in the Prospectus filed with the Securities and Exchange Commission.
TiVo is a registered trademark of TiVo Inc. in the United States and other jurisdictions. All other company or product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated. -- Product slides/digital images are available upon request.