IPO Tracker: Infrastructure and Software Still Rule
Page 1 of 1
When investing in the IPO market, it often takes a loss of the senses. Perhaps that's what makes the IPO of Blue Martini so interesting. No, this is not an online wine distributor. Actually, it is an infrastructure play. The company's software helps to deal with customer interactions using the Net. And the software is nimble enough for wireless. Currently, there are 35 customers.
In the first quarter of 2000, the company had $10.7 million in revenues (revenues for all of 1999 were $11.2 million). But losses were $11.4 million.
Most are expecting this to be one of the week's biggest IPOs.
The lead underwriter is Goldman Sachs and the proposed ticker symbol is BLUE. The company plans to issue 7.5 million shares between the price range of $11-$13.
The lead underwriter is Morgan Stanley and the proposed ticker symbol is AVCI. The company plans to issue 6 million shares at the price range of $18-$20.
Another hot one should be WebEx. The company develops real-time software that allows for virtual meetings across the globe. The system is highly scalable, allowing millions of concurrent meetings in one-to-one, one-to-many or any-to-any interactions. WebEx supports its technology with more than 120 servers located in six data centers.
The lead underwriter is Goldman Sachs and the proposed ticker symbol is WEBX. The company plans to issue 3.5 million shares at the price range of $12-$14.