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bamboo.com Inc. –

19 years ago

PALO ALTO, Calif. – Bamboo.com Inc., a provider of 360-degree virtual tours of real estate properties on the Internet, went public August 26, offering 4 million shares at $7 apiece. The company’s stock priced exactly at its filing price. Prudential Securities, Dain Rauscher Wessels, Volpe Brown Whelan & Co. and E*OFFERING underwrote the initial public […]

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Silcon Valley Lawyers Embrace VC-Like Role –

19 years ago

Talk to any Silicon Valley lawyer who takes on a start-up company as a client, and you might mistake him for a venture capitalist or perhaps an angel investor. It’s common knowledge that attorneys in the San Francisco/San Jose area tend to go well beyond their standard legal duties, often assisting companies with business plans, […]

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CenterPoint Venture Partners –

19 years ago

DALLAS – CenterPoint Venture Partners invests in early-stage high technology companies mostly in the Southwestern United States. Since its founding in October 1996, CenterPoint has raised two funds: the $50 million CenterPoint Venture Fund I, which has made 14 investments and is completely invested or committed, and CenterPoint Venture Fund II, which held a final […]

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Psilos GroupPartners –

19 years ago

NEW YORK – Founded in 1998, Psilos Group Partners L.L.C. invests in early- to pre-IPO health-care, digital media and Internet companies, focusing on businesses that combine these fields. Some 80% of Psilos Group Partners L.P. I, which closed on $100 million in July 1998, already is invested or committed. Psilos, at press time, had backed […]

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UNC Gets Formal and Charges Ahead with Private Equity –

19 years ago

The University of North Carolina at Chapel Hill (UNC), a key player in private equity investing, is making room for more partnerships. Although UNC has had a 16 year history of alternative investing, the university officially carved out 15% of its $800 million endowment for private equity in May 1998, based on the suggestion of […]

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Asia Online Eager to Tap New Markets –

19 years ago

HONG KONG – When Jim McNiel, a vice president at Pequot Capital Management, toured Asia a few months ago with the management team of Internet communications company Asia Online Ltd., he couldn’t believe what he saw. “I felt like I was going back in time,” he says, referring to the burgeoning Asian Internet market. With […]

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IXnet Inc. –

19 years ago

NEW YORK – IXnet Inc., a worldwide provider of communications services to the financial services industry, went public August 12, offering 6.5 million shares of common stock at $15 apiece. The company’s stock priced below its $18 to $20 filing range. Underwritten by Donaldson, Lufkin & Jenrette, Salomon Smith Barney, Merrill Lynch & Co., First […]

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ImageX.com Inc. –

19 years ago

BELLEVUE, Wash. – ImageX.com Inc., an Internet-based business-to-business intermediary in the U.S. commercial printing industry, went public August 26, offering 3 million shares at $7 apiece. The company’s stock priced exactly at its filing price. Underwritten by Volpe Brown Whelan & Co., Prudential Securities and E*Trade Securities Inc., the initial public offering left 16.1 million […]

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Interactive Pictures Corp. –

19 years ago

OAK RIDGE, Tenn. – Interactive Pictures Corp., a provider of interactive photography and immersive imaging for the Internet, held an initial public offering August 5. The company offered 4.2 million shares at $18 apiece, at the high end of its $16 to $18 filing range. J.P. Morgan & Co., Hambrecht & Quist, Morgan Keegan & […]

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HotJobs.com Ltd. –

19 years ago

New York – HotJobs.com Ltd., an Internet-based recruiting solutions company, held an initial public offering August 10. The company offered 3 million shares at $8 apiece, lower than its $9 to $11 filing range. Deutsche Banc Alex. Brown, BancBoston Robertson Stephens, SG Cowen and E*OFFERING underwrote the initial public offering, which left 26.6 million shares […]

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Internet Capital Group Inc. –

19 years ago

WAYNE, Pa. – Internet Capital Group Inc., an Internet holding company, went public August 5, offering 14.9 million shares at $12 apiece. The company’s stock priced at the high end of its $10 to $12 filing range. Merrill Lynch & Co., BancBoston Robertson Stephens, Deutsche Banc Alex. Brown, Bank of America Securities L.L.C. and Wit […]

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Latin American Telecom Is Busting Out All Over –

19 years ago

RIO DE JANEIRO, Brazil – When Brazil privatized its dilapidated telecom system in July 1998, industry watchers hailed it as the country’s most significant privatization in three decades. The Brazilian government had declared growth of the telecom sector integral to the development of its economy, the tenth largest in the world. And as the sixth […]

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Illinois Teachers Shift Boost PE Allocation –

19 years ago

CHICAGO – The $22 billion Illinois Teachers’ Retirement System has adopted a new asset allocation mix that more than doubles its private equity allocation to 7%, boosting it by $880 million, said Executive Director Keith Bozarth. The move also bumps international equities by 6%, or $1.3 billion. Bozarth said it has not yet been determined […]

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Delta Capital Seeks $120M for Middle East –

19 years ago

ISTANBUL – While investors in the Middle East have long supported private equity funds in the United States and Europe, to date they have been met with few opportunities to invest capital in their own region through professionally managed unquoted funds. As a result, newly-formed private equity management company Delta Capital Management (DCM) has attracted […]

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Piper Jaffray to Close Third Health Fund –

19 years ago

MINNEAPOLIS – Piper Jaffray Ventures Inc., which recently held a $70 million close, expects to reach a $100 million target in October for Piper Jaffray Healthcare Fund III. The vehicle made an initial close on $50 million in January, with investments from existing limited partners including the Minnesota State Board of Investment, U.S. BankCorp, PNC […]

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Progress Bank Preps First Close –

19 years ago

BLUE BELL, Pa. – A year and a half after closing its first private equity fund, Progress Bank at press time was preparing a $15 million first close on a new small business investment company (SBIC) that will invest in early- to late-stage venture deals. New Spring Ventures will complement the Ben Franklin/Progress Capital Fund, […]

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Catterton IV Holds $200M First Close –

19 years ago

GREENWICH, Conn.- After initiating fund-raising in April, Catterton Partners L.P. recently made a first close on its fourth fund, Catterton Partners IV LP. Catterton IV, which was targeted at $350 million, will have a final close “substantially north” of that target later this year, said General Partner J. Michael Chu. The fund has raised more […]

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Sequoia IX Slated For September Close –

19 years ago

MENLO PARK, Calif. – Sequoia Capital was anticipating a mid-September first and final close on Sequoia IX, which, along with a side fund, would not exceed $450 million, said General Partner Douglas Leone. The firm expected $335 million to $350 million from new and existing limited partners, some $60 million from general partners and about […]

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