iXL Enterprises Inc. said it plans a follow-on public offering of 7 million
shares of common stock at a price of $37 per share.
The company’s stock closed Friday at $37.
Of the shares offered, 2 million are being offered by the company, and the
remainder is being offered by existing stockholders.
The offering is being managed by Merrill Lynch & Co., Donaldson, Lufkin &
Jenrette, Robertson Stephens, First Union Securities Inc. and The
Robinson-Humphrey Company and their international affiliates.
iXL said it intends to use the net proceeds of the sale for general corporate
purposes, including working capital requirements and acquisitions.
iXL Enterprises is the parent company of iXL Inc. and the Consumer Financial Network,
iXL, Inc. is a strategic Internet services company which provides Internet
strategy consulting and Internet-based solutions.
Consumer Financial Network
is the creator of YouDecide.com, an e-commerce platform for
financial services and related benefits available over the Internet.