- NetGravity, Inc commences the initial public offering of 3,000,000 shares of its common stock at a price to the public of $9.00 per share.
In addition, the company and certain stockholders of the company have granted the underwriters an option to purchase an additional 250,000 and 200,000 shares of common stock, respectively, to cover over-allotments, if any.
The underwriters of the offering are BancAmerica Robertson Stephens, NationsBanc Montgomery Securities LLC and FAC/Equities, a division of First Albany Corporation.
NetGravity is a provider of software solutions for online advertising and direct marketing. The company develops, markets and supports its AdServer family of software products which are designed to enhance the effectiveness and efficiency of each constituent in the online advertising and direct marketing market from: merchants, advertising agencies and content publishers.
A registration statement relating to these securities was filed with and declared effective by the Securities and Exchange Commission.