Informatica Corporation (Nasdaq: INFA) today announced the initial public offering of 2,750,000 shares of its common stock at $16 per share, under the trading symbol "INFA." All the common stock being 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., SoundView Technology Group Inc., and First Albany Corporation. Informatica has also granted to the underwriters of the public offering an option to purchase up to an additional 250,000 shares to cover over-allotments, if any.
Headquartered in Palo Alto, California, Informatica develops and markets enterprise software products and services that enable many of the world's largest companies to build and manage business intelligence and analytic applications across the enterprise.
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. The offer is made only by the prospectus, a copy of which may be obtained from Credit Suisse First Boston Corporation, Eleven Madison Avenue, Attn: Prospectus Department, New York, NY., 10010-3629.
Informatica, PowerMart and PowerCenter are trademarks of Informatica Corporation. All other trade names are trademarks of their respective manufacturers.