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VCs Engage In a First Half Spending Spree –

19 years ago

Venture capitalists put a record $12.6 billion to work in the first half of this year, completing more deals with bigger price tags than ever before. About half of the money, almost $6.1 billion, went into Internet companies, mostly content, e-commerce and services enterprises, according to Venture Economics Information Services (VEIS), a sister company to […]

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Delta Air Lines Looks To Soar with Private Equity –

19 years ago

When Delta Air Lines Inc. hired Terry Blaney from the Washington State Investment Board a year ago to take an aggressive stance in building its private equity program, the buyout community trumpeted the move. Blaney, well known for turning Washington into one of the larger LBO investors in the mid-1990s, was expected to make more […]

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Chemdex Corp. –

19 years ago

PALO ALTO, Calif. – Chemdex Corp., an e-commerce solutions provider, went public July 26, offering 7.5 million shares at $15 apiece. The company’s stock priced above its $12 to $14 filing range. Underwritten by Morgan Stanley Dean Witter, BancBoston Robertson Stephens and Volpe Brown Whelan & Co., the initial public offering left 31.76 million shares […]

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Deals in Brief – Beauty Lies in Eye of the Investor –

19 years ago

SAN FRANCISCO – Hoping to secure a leadership position in the increasingly competitive category of on-line beauty supplies, Eve.com in July raised $17.5 million in its third round of venture capital financing. The Series C round was led by new investor Weiss, Peck & Greer Venture Partners. Existing investors Menlo Ventures and Charter Venture Capital […]

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Deals in Brief – EthnicGrocer.com Seeks $10 Million –

19 years ago

EVANSTON, Ill. – EthnicGrocer.com, a Web business that sells ethnic foods, launched its site in late July following its first round of venture capital this past spring. KB Partners of Northbrook, Ill. and angel investor Don Jones provided the funding, which totaled between $1 million and $2 million, said EthnicGrocer Chief Operating Officer Subhash Bedi, […]

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BioMarin Pharmaceutical Inc. –

19 years ago

NOVATO, Calif. – BioMarin Pharmaceutical Inc., a gene therapy developer, went public July 22, offering 4.5 million shares. The company’s stock priced at $13 apiece, the high end of its $11 to $13 filing range. U.S. Bancorp Piper Jaffray, Bank J. Vontobel & Co. AG, Schroders & Co. Inc. and Leerink Swann & Co. underwrote […]

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Biopure Corp. –

19 years ago

CAMBRIDGE, Mass. – Biopure Corp., an oxygen therapeutic development company, went public July 29, offering 3.5 million shares at $12 per share. The company’s stock priced at the low end of its $12 to $14 filing range. J.P. Morgan & Co., Adams, Harkness & Hill Inc. and Robert W. Baird & Co. underwrote the initial […]

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Ask Jeeves Inc. –

19 years ago

BERKELEY, Calif. – Ask Jeeves Inc., a provider of Internet search services, went public June 30. The company offered 3 million shares of common stock at $14 apiece, surpassing its estimated $12 to $13 price range. Underwriters included Morgan Stanley Dean Witter, BancBoston Robertson Stephens and Hambrecht & Quist. Proceeds from the estimated $42 million […]

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Audible Inc. –

19 years ago

WAYNE, N.J. – Audible, which delivers audio content over the Internet to personal computers and hand-held devices, went public July 21, offering 4 million shares at $9 per share, within its $8 to $10 filing range. Credit Suisse First Boston, J.P. Morgan & Co., Volpe Brown Whelan & Co. and Wit Capital Corp. underwrote the […]

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Accrue Software Inc. –

19 years ago

FREEMONT, Calif. – Accrue Software Inc., a developer of Internet data collection and analysis software, went public July 30, offering 3.9 million shares. The stock priced at $10 apiece, the high end of the company’s $8 to $10 filing range. BancBoston Robertson Stephens and Thomas Weisel Partners underwrote the initial public offering, which left 19.61 […]

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Aironet Wireless Communications Inc. –

19 years ago

AKRON, Ohio – Aironet Wireless Communications Inc., a provider of high-speed wireless local area networking solutions, held an initial public offering July 29. The company offered 6 million shares at $11 each, the high end of its $9 to $11 filing range. Dain Rauscher Wessels, Prudential Securities and CIBC World Markets underwrote the initial public […]

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Allscripts Inc. –

19 years ago

LIBERTYVILLE, Ill. – Allscripts Inc., an Internet-based medication management solutions provider, held an initial public offering July 23. The company offered 7 million shares of common stock at $16 per share, above its $13 to $15 filing range. Morgan Stanley Dean Witter Venture Partners and Liberty Partners Holdings were venture backers. Goldman Sachs & Co., […]

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Art Technology Inc. –

19 years ago

BOSTON – Art Technology Group Inc., a developer of customer relations management and electronic commerce software products, completed an initial public offering July 20. The company sold 5 million shares of common stock at $12 each, the top of its $10 to $12 offering range. Underwriters included Hambrecht & Quist, U.S. Bancorp Piper Jaffray, Thomas […]

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PNC Shifts Private Placement Deck –

19 years ago

PITTSBURGH – In a move that signals a victory for advocates of increased specialization, PNC Capital Markets has split its private placement group into a pair of distinct operating teams. The first group, directed by Larry Deihle, will be involved in mezzanine debt and private equity, while the second squad, headed by Bill Weil, will […]

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Forward Ups Chiu To Venture Partner –

19 years ago

SAN DIEGO – Less than 18 months after joining Forward Ventures as a senior associate, Han Chiu was named a venture partner at the life sciences and health care-focused firm. Chiu, a former executive at Schering-Plough Corp. and Novartis Pharma AG, joined the firm in March 1998 as a senior associate and rapidly gained the […]

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Webvan Financing Brings Web Grocers Closer to Home –

19 years ago

OAKLAND, Calif. – Less than two months after the early June launch of its Web site, Internet grocer Webvan Group Inc. raised $275 million by selling a 6.48% stake of its business to three institutional investors – a deal that placed the value of the company at more than $4 billion. Webvan founder and Chief […]

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