From: i...@sco.COM (SCO Information)
Subject: SCO Completes Initial Public Offering
Organization: XeniTec Consulting Services, Kitchener, ON, Canada
Date: Thu, 27 May 1993 02:36:19 GMT
Sender: ed...@xenitec.on.ca (Ed Hew)
FOR IMMEDIATE RELEASE
The Santa Cruz Operation, Inc.
THE SANTA CRUZ OPERATION, INC. MAKES INITIAL PUBLIC
OFFERING ON NASDAQ NATIONAL MARKET
SANTA CRUZ, CA (May 26, 1993) -- The Santa Cruz Operation, Inc.,
(``SCO'' or the ``Company'') made the inital public offering of its common
stock at $12.50 per share which will trade on the Nasdaq National Market.
SCO, whose trading symbol is SCOC, provides open systems software for
Intel-based computer systems. SCO's products include advanced 32-bit
operating systems, networking and distributed computing software, user
interface products and development and language tools. Founded in 1979, SCO
is headquartered in Santa Cruz, California, with offices in London and Toronto
and major regional offices in Copenhagen, Frankfurt, Mexico City, Milan,
Paris, Singapore, Sydney, Tokyo, and throughout the United States.
The offering of 6,000,000 shares included 3,600,000 shares sold by the
Company and 2,400,000 shares sold by selling stockholders. The net proceeds
to the Company are approximately $41.1 million. 4.8 million of the shares are
being offered in the United States, with the balance being offered through an
The managing underwriters of the intial public offering are Goldman, Sachs &
Company and Donaldson, Lufkin & Jenrette Securities Corporation.
# # #
SCO and the SCO logo are trademarks or registered trademarks of The Santa Cruz
Operation, Inc. in the U.S.A. and other countries. All other brand or
product names are or may be trademarks of, and are used to identify products
or services of, their respective owners.