Online ad software and service company NetGravity Inc. filed a registration
statement with the Securities and Exchange Commission for a proposed secondary
public offering of 3.6 million shares of common stock.
The San Mateo, CA-based company said 2,738,440 shares will be offered by the
company and 861,560 shares will be offered by certain NetGravity stockholders.
The company granted the underwriters an option to purchase an additional
540,000 shares of common stock to cover over allotments.
NetGravity said it intends to use the net proceeds from the offering for
working capital and other general corporate purposes and capital expenditures.
The offering is being made through an underwriting group managed by BancBoston
Robertson Stephens Inc., NationsBanc Montgomery Securities LLC and
FAC/Equities, a division of First Albany Corp.
NetGravity provides a range of solutions to manage, target and analyze online
campaigns for advertising agencies, Web publishers, merchants and networks of
sites.
