USWeb Announces Follow-On Stock Offering
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USWeb Corporation, an Internet consulting firm, announced a follow-on stock offering of 5,000,000 shares of its common stock.
USWeb registered with the Securities and Exchange Commission its intent to sell 1 million shares and certain stockholders of the company will sell 4,000,000.
The managing underwriters are Hambrecht & Quist, LCC; Donaldson, Lufkin & Jenrette, Wessels, Arnold & Henderson, LCC; and First Albany Corporation.
USWeb reports that an additional 750,000 shares will be available for purchase by the underwriters to cover any over allotments.