Shares of C-Bridge Internet Solutions Inc. more than doubled in price Friday after the e-commerce professional services firm raised $64 million in its initial public offering - one of the last of the year.
Published:
19 December 1999 y., Sunday
In other IPO news, AltaVista co. which runs a well-known Web portal, filed with to the SEC to go public. C-Bridge shares closed Friday at $40.06 after being offered at $16 a share. The 4 million share IPO represents a 23 percent stake in the company. Shares trade on Nasdaq under the symbol "CBIS," and Robertson Stephens was the lead underwriter.
The Cambridge, Mass.-based firm provides Internet services to help companies conduct businesses online. This sector has been on fire this year, and C-Bridge benefited from the enthusiasm for such companies, which are poised to benefit from the push to use Internet technologies to build a competitive advantage.
Its clients include Chevron Corp., General Motors Corp. and Toyota Motor Corp. Competitors include Agency.com Ltd., Razorfish Inc. and Viant Inc..
For the nine months ended Sept. 30, it posted net revenues of $13.8 million and a net loss of $2.9 million.
Šaltinis:
Internet
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials.
more »
The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey.
more »
The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city.
more »
One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations.
more »
European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries.
more »
At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds.
more »
Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010.
more »
The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme.
more »
The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs).
more »
The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »