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
Meteor lights are the most innovative solar LED lighting product. Available in two shapes: round or square. In five standard colors: red, green, blue, amber and white. Since no wiring is required, they are simple to incorporate into any new or existing design.
more »
The US financial crisis and global ripple effects, including the EU and Lithuania, have been among major issues discussed between Prime Minister Gediminas Kirkilas and EU Commissioner responsible for Economic and Monetary Affairs Joaquin Almunia in their meeting earlier.
more »
Statistics Lithuania informs that real earnings in the whole economy, individual enterprise included, in 2007 compared to 2006 increased by 17 per cent, in the public sector – by 13 per cent, in the private sector – by 19.9 per cent.
more »
thinkAlchemy and Green Pixel, LLC have launched a green marketing initiative: MillionDollarGreenPixel.com where environmentally conscious companies can buy advertising space in various pixel sizes and advertise their websites to conscientious consumers.
more »
LG Electronics (LGE), a global leader and technology innovator in consumer electronics, unveiled its latest products at IFA 2008 in Berlin from August 29 to September 3.
more »
Wincor Nixdorf International GmbH announced termination of its relations with Inpas Company concerning supply of equipment, solutions, and also service and software support for products of Wincor Nixdorf in the territory of the Russian Federation. The above decision comes into force on 31.12.2008.
more »
According to final data presented by the Ministry of Finance, national budget revenue of the 1st half-year of the current year amounted to LTL 11 billion 161.8 million, and that was by 1.1 % over the target.
more »
Retail Banking Research Ltd. has published the latest edition of its biennial global ATM survey, “Global ATM Market and Forecasts,” which this year makes predictions out to 2013.
more »
Woking, United Kingdom, Friday 7th March 2008: Vodafone McLaren Mercedes is delighted to announce Olympus as the team’s official supplier of photographic services.
more »
The Link Interchange Network Ltd. says around 2,000 new free-to-use ATMs were installed in the United Kingdom in 2007, with more than 400 of those being located in low-income areas.
more »